Musk’s Username Sparks a Crypto Frenzy
Elon Musk kicked off the new year with a surprising move—changing his username on the X platform to "Kekius Maximus." This mysterious alias, paired with a profile picture featuring a frog-like character similar to the "Pepe" meme but with masculine features, ignited a cryptocurrency sensation.
Interestingly, a memecoin called KEKIUS already existed on the Ethereum blockchain. Once Musk’s new username went viral, the value of this token skyrocketed by over 6,000% in less than 24 hours.
Millionaires Made by “Kekius”
Musk’s influence turned some KEKIUS holders into overnight millionaires. According to blockchain analytics firm Spot On Chain, one trader managed to transform a $54,000 investment into $1 million in just two days.
“A trader with the address 0x33A turned $54,800 into $1 million using KEKIUS! Between December 19 and 15 hours ago, they spent 16 ETH ($54.8k) on 8.448 million KEKIUS tokens. After 12 days, they recorded a $948k profit (17.3x),” the report stated.
Despite this success, the trader still held over 6 million KEKIUS worth more than $2.5 million, indicating they expected further price growth.
New Year’s Eve Crypto Madness
KEKIUS experienced its biggest surge on New Year’s Eve. According to Etherscan data, an astonishing 2.4 billion KEKIUS tokens were transferred among users in a single day. The token’s holder count has now grown to over 22,000.
The question remains: Will other investors achieve similar unexpected profits as early adopters?
KEKIUS Token’s Future
On the price chart, KEKIUS saw significant profit-taking around $0.40. However, the long lower wick of the candlestick suggests strong demand for this memecoin still exists.
If the momentum continues, KEKIUS could target upper levels of $0.50 or $0.60, offering potential gains of 50% to 100%. On the flip side, larger profit-taking could drive the price back down to $0.10 or lower.
Conclusion
Musk’s change to the username “Kekius Maximus” triggered an unexpected crypto boom, turning some traders into millionaires. However, the question remains whether KEKIUS can sustain its upward trend or if an inevitable correction looms. Regardless, Musk has once again demonstrated the immense influence his name wields in the cryptocurrency world.
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