Elon Musk's recent name change on X to "Kekius Maximus" has caused a significant stir in the cryptocurrency market.

This alteration, accompanied by an updated profile picture featuring Pepe the Frog in gladiatorial attire, led to a dramatic surge in the value of the Kekius Maximus memecoin, with its price soaring by over 900%.

The impact was substantial:

The memecoin's market capitalization skyrocketed to approximately $88.32 million.

An investor turned a modest $66 investment into a remarkable $3 million within just 18 days.

This event underscores the profound influence that figures like Musk can exert on the cryptocurrency market through social media interactions.