#ElonMuskTalks Musk, the CEO of Tesla and owner of X (formerly Twitter), recently changed his profile name to "Kekius Maximus" and updated his avatar to feature Pepe the Frog in gladiator armor. This action led to a significant surge in the value of a meme-inspired cryptocurrency token named Kekius Maximus, with its market capitalization reaching approximately $380 million.
However, the token's value plummeted by 99% shortly after #Musk reverted his profile changes, highlighting the volatility of meme-based cryptocurrencies and the substantial influence Musk's online activities can have on digital asset markets.
It's important to note that Musk did not make any public statements specifically about the Kekius token. The market's reaction was primarily driven by his temporary adoption of the "#KEKIUS Maximus" persona on his social media platform.