The price of Kekius Maximus fell after Elon Musk replaced his Profile X with the eponymous meme coin.
One trader turned $66 into $3 million on paper before the reset, while another managed to make a $2.3 million profit.
BREAK The value of Ethereum-based Kekius Maximus fell on Wednesday after
#Elon Musk reverted his social media profile to a
#meme coin of the same name.
Mr. Musk renamed his X profile to Kekius Maximus on New Year's Eve. The Kekius Maximus Pepe the Frog meme is a combination of the words kek (a slang term associated with humor and absurdity) and Maximus (from the 2000 movie). This combination is Maximus Decimus Meridius (in honor of the character Maximus Decimus Meridius from the 2000 movie Gladiator).
Musk did not explain this change, but in an earlier post he announced, Kekius Maximus will soon reach level 80 in hardcore PoE,
, referring to the video game Path of Exile 2, which Musk is known to play.
Memecoin Kekius Maximus (ticker: KEKIUS) was created on 12 According to CoinGecko, its market value has grown from around $12 million before Mr. Musk chose the name to a peak of over 30 times $380 million. In terms of price, that represents a jump from US$0.01 to US$0.39. Numerous copycat tokens appeared on
#Solana , but they did not have the same success.
However, after Musk changed his profile to his real name on New Year's Day, memcoin fell 75% in just one hour as traders rushed to exit, to a market value of $77 million, equivalent to $0.077. Since then, the rate has recovered slightly and now stands at $0.157, according to CoinGecko.
a trader who bought KEKIUS at $66 on launch day had turned that paper profit into more than $3 million by Wednesday,
However, according to analytics platform GMGN, another lucky trader was able to react faster and made a profit of $2.3 million. According to Etherscan, the token still has more than 24,000.
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