THE ALTCOIN ELON MUSK PUMPED A FEW DAYS AGO CRASHED AFTER HIS LAST MOVE:
Elon Musk's recent endorsement of the Kekius Maximus altcoin led to a massive 900% price surge, but his latest move has caused the token to crash by 90%.
Musk had changed his X profile name and image to promote the meme coin, creating a frenzy among investors. However, when he removed the meme coin from his profile, the token's price plummeted, leaving some investors with significant losses.
One trader, in particular, lost $1 million after exchanging their PEPE holdings for KEKIUS, only to see the token's value drop drastically. This incident highlights the risks and volatility associated with investing in meme coins and the impact of celebrity endorsements on their prices.
It's essential for investors to exercise caution and do their own research before investing in any cryptocurrency, especially those that are heavily influenced by celebrity endorsements and market hype.