According to ChainCatcher, local time on Tuesday, Tesla CEO Elon Musk changed his account name on the social media platform 'X' to 'Kekius Maximus', sparking speculation among his 210 million fans about the meaning behind his mysterious new name.

This new name seems to be a mix of alt-right symbols, memes, and the name of the protagonist from the movie Gladiator. He also changed his avatar to 'Pepe the Frog', a popular cartoon character dressed in ancient Roman attire holding a video game controller.

Musk did not provide an explanation for the new username and avatar, but the move immediately triggered a chain reaction, causing the value of the similarly named meme token to soar. The price of Kekius M (KM) on the Solana chain surged over 12,600% at one point, with its market cap briefly surpassing 45 million dollars.