#Write2Earrn The strange name change of Elon Musk on X turns a trader's $66 into a $3 million profit
The market capitalization of KEKIUS, based on Ethereum, soared to $380 million on January 1 before falling to $100 million after Musk changed his profile name and photo.
Elon Musk's brief name change on X to "Kekius Maximus," a reference to a Pepe-Gladiator meme, saw a lucky memecoin trader turn $66 of Ether into as much as $3 million in just 18 days.
The trader purchased 10.17 million memecoins Kekius Maximus (KEKIUS) 18 days ago, on December 14, and sold 2.81 million tokens for 60.3 Ether. $3,469.34 on January 1, while holding the rest, achieving an astonishing paper gain of 45,900 times, said blockchain analysis firm Lookonchain on X.
Kekius Maximus is a blend of the Internet meme Pepe the Frog and Maximus Decimus Meridius, the protagonist of the 2000 movie Gladiator, played by Russell Crowe.
Data from Etherscan shows that the memecoin KEKIUS was created on December 13, and accumulated $11.4 million by December 31 before exploding to $380 million at its peak on January 1, according to CoinGecko.
Musk had also posted AI-generated images of the cartoon inspired by Pepe the Frog preparing for battle in the world-famous Colosseum in Rome.
One of his posts garnered 48.2 million views on X, further extending the rally of the memecoin KEKIUS at that time.
