At the end of last year, Musk changed his Twitter account name for the first time to “Kekius Maximus” and switched to a profile picture of Pepe. Related concept meme coins immediately surged in value, but after he changed the account name back to Elon Musk today, the related meme coins plummeted. (Background: Musk becomes the new godfather of PEPE, X’s name change and profile picture switch ignites the surge of Pepe and Kekius Maximus meme coins. Has he lost interest in Dogecoin?) (Additional background: The legendary PEPE trader made $73 million from a $3,000 investment. Why has Musk recently been shouting about Pepe?) Musk, known as the “Dogecoin godfather,” seems to have a new favorite: Pepe the Frog. On December 31st, he unusually changed his Twitter name from Elon Musk to “Kekius Maximus” and switched to a profile picture of Pepe, resulting in a surge in meme coins related to Pepe and “Kekius Maximus.” However, as Musk changed his Twitter name back to Elon Musk today, and switched the profile picture back to his personal photo, the related tokens have retreated. Kekius Maximus (KEKIUS) on the Ethereum chain saw its $KEKIUS (address: 0x26e550ac11b26f78a04489d5f20f24e3559f7dd9) soar over 3500% recently, peaking at $0.4, with a market cap exceeding $398 million. However, after Musk reverted the X account name, the market cap evaporated by more than $300 million, currently reported at $0.09679, down over 45% in the last 24 hours. Source: Dexscreener Kekius Maximus (KM) on the Solana chain saw its $KM token (address: HuAncxDEsakCDgZS2Yfo9xJbHmtHXMnxxkT9jqdXnHhm) rise over 100 times on December 31st, reaching a historical high of $0.05174, with the market cap peaking above $51.73 million. However, it has since plummeted nearly 80% in the last 24 hours, currently reported at $0.003424, with a market cap of only about $3.83 million. Source: Dexscreener $PEPE $PEPE surged nearly 20% in two days, reaching $0.00002126 on New Year's Day, and is currently reported at $0.0000196, down 4% in the last 24 hours, a relatively small decline. Source: CoinGecko Musk's recent actions on Twitter have ignited a frenzy in the meme coin community, with related meme coins experiencing significant gains. However, the blockchain community reminds investors that meme coins are highly volatile and could plummet due to a new tweet or name change from Musk. Recently, there has been a lot of speculation about meme coin hype related to Musk, so it’s essential to be aware of the risks associated with these meme coins, protect your capital, DYOR, and avoid falling victim to rug pull scams. Related Reports Vitalik praises “X platform community notes,” but it’s questioned for being manipulated! Musk: It’s decentralized and open-source; I can’t control it. Will SBF be pardoned by Biden soon? Musk: It’s very likely to happen; FTT briefly surged 20%. 2024 Crypto Year in Review: Kids making a fortune from meme coins, Ko Wen-je accused of hiding 1,500 bitcoins... What bizarre moments have occurred in the past year? 2024 Celebrity Meme Coins: Collective failure becomes the annual joke? "Musk changes X back to Elon Musk; related meme coins Kekius Maximus and PEPE plummet" was first published on BlockTempo (the most influential blockchain news media).