Musk changed his Twitter name and profile picture to the meme character PEPE the Frog yesterday (31), and he also posted related tweets, which not only drew great attention from the community but also stimulated a surge in several related meme coins. (Background: Musk posted a Pepe meme image, and $PEPE jumped 16%!) (Background information: A legendary trader made $73 million from a $3,000 investment in PEPE; why has Musk recently been promoting Pepe the Frog?) Elon Musk, the founder of Tesla, holds titles such as the world's richest person and business leader, but in the cryptocurrency realm, he has also been praised by the community as the 'Dogecoin Father' for his repeated endorsements of Dogecoin (DOGE). However, recently, Musk seems to have reduced his promotions for Dogecoin on his social media platform X; instead, the popular meme coin PEPE (Pepe the Frog) and its related images appear to be his new hobby. Musk changed his Twitter name to Kekius Maximus just yesterday (31), where he modified his account name to Kekius Maximus and retweeted an image featuring the PEPE character created by Twitter user Gamer, while also changing his profile picture to a Pepe Frog and posting that: Kekius Maximus is about to reach level 80 in the high-difficulty mode of Path of Exile (PoE). Path of Exile is an action role-playing game developed by Grinding Gear Games, known for its dark fantasy world, in-depth character customization mechanisms, and challenging game design. Pepe surged, and the Kekius Maximus concept meme coin skyrocketed. Musk's simultaneous changes to his profile picture and name to PEPE-related content, along with his previous promotion of PEPE meme culture on Twitter, sparked immense community attention; meme coins related to Pepe and Kekius Maximus also saw a surge. Pepe soared 14% in the past 24 hours, making it one of the top three performers among the top 100 market cap tokens. Meme coins related to Kekius Maximus quickly emerged on the Solana blockchain after Musk's name change, including KEKIUS, KM, etc. Among them, the KM token (address: HuAncxDEsakCDgZS2Yfo9xJbHmtHXMnxxkT9jqdXnHhm) is the highest market cap meme coin related to Solana, currently reporting at $0.0212, with a market cap of $21 million. Image source: GMGN. Additionally, there is a related meme coin on Ethereum named KEKIUS (token address: 0x26e550ac11b26f78a04489d5f20f24e3559f7dd9), which now has a market cap of $136 million, having surged more than 12 times in the past 24 hours, currently reported at $0.137. Image source: GMGN. Traders investing in KEKIUS made 780 times their investment. Due to Musk's endorsement driving up KEKIUS, the on-chain trading tool @lmkfun also monitored that a certain wallet address spent less than $2,000 to purchase 35.5 million KEKIUS 15 days ago; after Musk's endorsement, the value of the holdings increased to $1.53 million, yielding more than 780 times the profit, which is quite astonishing. Sometime you just need to get it right once. As @elonmusk changes his name to Kekius Maximus, anon who bought $1964 $KEKIUS 15 days ago have now turned it into $1.535M. A crazy 780X return. Bro's now the top 1 holder (2.54%), took $535.K profit and still counting. pic.twitter.com/gbqFG2dO1d — lmk.fun (Prev. Scopescan) (@lmkfun) December 31, 2024. However, the district reminds investors that meme coins are highly volatile; Musk might endorse today but may have a pessimistic view tomorrow, so caution is advised. Furthermore, various Kekius Maximus-related concept meme coins exist on multiple chains, so investors should also be careful to identify and avoid falling victim to rug pulls.