A smart cryptocurrency trader has achieved an impressive profit of 45,906 times by capitalizing on the short-term trend related to Elon Musk changing his name on X.

According to the blockchain analytics company Lookonchain, this trader invested 0.017 Ether (approximately $66) to buy 10.17 million meme Kekius Maximus (KEKIUS) on December 14. In the following 18 days, they sold 2.81 million KEKIUS for 60.3 Ether, equivalent to $201,000, and retained 7.37 million KEKIUS, worth about $2.85 million.

The strong growth of KEKIUS is believed to be due to Musk temporarily using the name “Kekius Maximus” and changing his profile picture to Pepe the Frog in a gladiator outfit.

However, some analysts have warned about the speculative nature of this meme coin and advised investors to choose established tokens like PEPE.