Tesla CEO Elon Musk has named himself “Kekius Maximus.” The meme token with the same name has seen a massive increase of 1,200% in the last 24 hours. Kekius Maximus (KEKIUS) token briefly exceeded $170 million in market value, reaching as high as $0.17. After Musk started using this name in his new X profile, Kekius Maximus’ popularity skyrocketed. Following this increase, the related meme token PEPE also saw a 10% increase, but had fallen by 9% in the past month.
Elon Musk’s New Nickname: Kekius Maximus
Elon Musk now introduces himself as “Kekius Maximus” on the X platform, and the meme token of the same name has increased by more than 1,200% in the last 24 hours. The Kekius Maximus (KEKIUS) token briefly rose to $0.17, taking its market value to over $170 million. Currently, KEKIUS is trading at $0.13 with a 24-hour trading volume of approximately $114 million. Kekius Maximus is a figure that is like a combination of the popular internet meme Pepe the Frog and the character Maximus from the movie Gladiator. It’s like imagining Pepe in a gladiator costume, a comical yet somehow heroic online character. Musk announced this name by updating his X profile to “Kekius Maximus” on December 31, and then made several posts about his new X identity. Following these posts, the KEKIUS token’s rise has continued unabated.
PEPE Token Also Increased
Following Kekius Maximus’ rise, another token from the same meme culture, PEPE, also saw a 10% increase, according to CoinGecko data. However, PEPE was still down 9% in the last 30 days. Elon Musk often uses humor and meme culture to impress his followers. He has previously changed his name to nicknames such as “Mr. Tweet” and “Naughtius Maximus.” Musk’s tweets and comments have also caused major fluctuations in the prices of cryptocurrencies, especially Dogecoin.
Distribution of Kekius Maximus Token
Created on the Ethereum blockchain, KEKIUS has been distributed to 12,788 unique wallet addresses so far. MEXC holds the largest share with 50,523,017 tokens. The top 100 wallets hold 52.75% of the total supply, or 527,475,667 KEKIUS tokens. Musk has yet to make a statement about the recent name change to Kekius Maximus. The SpaceX CEO shared a New York Post article on the subject with his followers, sparking speculation about the potential meaning of the nickname. Musk, who further piqued his followers’ interest, responded with the cryptic phrase “Kek” when sharing the article.