On the last day of 2024, billionaire Elon Musk's series of amusing changes on his personal X account sparked heated discussions in the online community. He changed his nickname to Kekius Maximus and replaced his avatar with a green frog—symbolizing the well-known meme coin PEPE.
On December 31, according to GMGN data, influenced by Musk changing his X nickname to Kekius Maximus, the meme coin Kekius M (KM) on the Solana chain skyrocketed over 12,600%, with its market capitalization briefly exceeding $45 million, currently priced at $0.033.
Previously, BlockBeats reported that Musk changed his X profile picture to Pepe and updated his nickname to Kekius Maximus. The news of 'Musk changing to a Pepe avatar' led to a brief surge of 8% in PEPE, breaking through $0.000019, currently priced at $0.0000187, reversing from a decline to an increase of 2.96% in 24 hours.
Name "Kekius Maximus": A profound imprint of meme culture
"Kekius Maximus" perfectly blends internet culture with meme elements. "Kek," as an alternative to "lol" (laugh out loud) in online communities, is closely associated with the image of the PEPE frog, while "Maximus" means "the greatest" in Latin, reflecting the exaggerated characteristics of meme culture. Musk's use of this name not only showcases his unique sense of humor but also reflects his deep understanding of internet culture and the symbols of the memecoin community.
FOMO signal or prank?
Musk's name and avatar change quickly ignited discussions in the crypto community. Some interpret it as a 'FOMO' signal for the PEPE memecoin, suggesting potential support. However, others believe that this might just be Musk's usual humorous trick aimed at sparking conversation.
Regardless of the original intention, this action instantly affected market sentiment, driving the price of $PEPE to soar dramatically, achieving an astonishing increase.
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