1000% now 800% the fear will make them fall

Elon Musk’s recent name change on X to "Kekius Maximus" has led to a dramatic 60% drop in the value of the Kekius Maximus token within just one hour. Following the name change, a significant holder of the token, identified as whale 0x820…31cc, sold off a large portion of their holdings, making a profit of $2.3 million.

Musk updated his X profile to "Kekius Maximus" on Tuesday, alongside a new profile picture featuring Pepe the Frog in Roman attire holding a game controller. While Musk’s name changes sparked discussions, with some speculating about possible associations with far-right groups, he has yet to provide a direct explanation. The name "Kekius" is thought to reference both an ancient Egyptian god and the concept of laughter, while "Maximus" is a nod to the Gladiator movie character.

The change initially caused the KEKIUS token to skyrocket by over 900%, though it quickly plummeted as the whale sold off its holdings. Currently, the token is priced at $0.001399, experiencing an 83% loss in the last 24 hours, with trading volume down by 70%. The drop in value is widely attributed to Musk’s profile change.

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