ChainCatcher Message, the Meme coin Kekius M (KM) on the Solana chain has recently performed brilliantly, with an increase of over 12,600%, and its market capitalization once surpassed 45 million dollars, currently priced at 0.035 dollars. This surge is related to Musk changing his profile picture and nickname to Kekius Maximus on the X platform, attracting market attention.
Firstly, the astonishing rise of Kekius M has reignited market discussions about Meme coins. Although Meme coins are often seen as highly speculative assets, their significant increases have still caught the attention of many investors.
Secondly, Musk's actions once again demonstrate the influence of celebrity effects on the digital currency market. While the market has differing views on this volatility, it is undeniable that the actions and words of celebrities have a profound impact on market sentiment.