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Sharp Decline in Kekius Maximus Price Following Elon Musk's Name Change on X

Elon Musk changed his name to Kekius Maximus on December 31st, which led to a significant increase in the value of meme coins. However, after returning to his original name, the value of the KEKIUS meme coin plummeted by 50% to $0.09, despite experiencing a 6,000% growth in the previous week.

One trader incurred a loss of one million dollars within 12 hours by converting 62 billion Pepe (#PEPE ) tokens into KEKIUS. During this period, the total value of frog-related meme coins reached $11.8 billion.