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BeInCrypto Global
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Elon Musk’s X Name Change Triggers 500% Surge for Kekius Maximus
Tesla CEO Elon Musk changed his name on social media platform X to Kekius Maximus today, causing the similarly named meme coin KEKIUS to explode shortly after.
KEKIUS was trading at $0.08832 at press time, up 504% on the daily chart.
Musk’s Latest Antic Pushes KEKIUS
On December 31, Elon Musk changed the name of his X handle to Kekius Maximus and also changed his profile picture. His profile picture now shows Pepe, the frog, holding a joystick and playing a video game.
“Kekius Maximus will soon reach level 80 in hardcore PoE,” Musk wrote on Twitter.
Musk, who is a known aficionado of meme coins, also retweeted a post that said, “Elon Musk is now Kekius Maximus.”
It appears traders are profiting from Musk’s antics. A trader who bought KEKIUS for $1,964 two weeks ago now holds a whopping $1.535 million in his hands, according to a crypto analyst on X.
“As Elon Musk changes his name to Kekius Maximus, anon who bought $1,964 KEKIUS 15 days ago have now truned it into $1.535 million. A crazy 780X return. Bro’s now the top 1 holder (2.54%), took $535,000 profit and still counting,” the tweet said.
According to data from CoinGecko, Kekius Maximus’s 24-hour trading volume has hit $35.2 million, while its market cap has crossed $88.32 million after the price shot up.
Kekius Maximus price chart. Source: CoinGecko
Interestingly, this is not the first time Elon Musk has changed his name on Twitter. In January 2023, Musk changed his name to Mr.Tweet.
“Changed my name to Mr. Tweet, now Twitter won’t let me change it back,” Musk posted.
Another time, Musk changed his X handle to ‘Naughtius Maximus’ before reverting back to his original name.
Moreover, Elon Musk posted a meme depicting Doge last month. Although he directly referred to the Department of Government Efficiency, the meme asset Dogecoin also pumped briefly.
I've noticed numerous videos on social media purporting that cryptocurrencies will reach these values in 2024. However, the content of these videos seems to be crafted by someone with minimal knowledge, akin to what you'd expect from a 10-year-old.
A word of caution to new investors: Be skeptical of such ambitious predictions. Achieving these price points by 2024 seems highly improbable. It's crucial to conduct thorough research before making any investment decisions.
Many newcomers to the cryptocurrency sector start by investing in coins that are no longer active, then seek community opinions. This approach often stems from a lack of understanding. Gaining knowledge and conducting research before diving into the cryptocurrency market is essential. I urge you to consider my advice, as I've navigated similar challenges when I was starting out. I aim for this advice to guide new investors away from common pitfalls. If you've encountered similar speculative content, feel free to share your thoughts.
Remember that Makret can not behave the same. What you have experienced in the previous bull run was immature behavior of market participants. Market is getting mature now.
BullishBanter
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Bearish
I can't Expect this Downward .. Never seen such hard time..
The market has never felt this lifeless before. What’s truly surprising is that this isn’t happening during a typical bear market – it’s unfolding right in the middle of what’s supposed to be a thriving bull run. It’s mind-boggling to see such a lack of activity when we’d usually expect heightened excitement, increased volume, and surging prices.
Even during a bear cycle, this level of inactivity would seem unusual, but to witness it now, when bullish sentiment should dominate, is beyond comprehension. Historically, bull markets bring explosive rallies, new highs, and intense trading activity. However, this time, it’s eerily quiet, almost as if the market has hit a standstill. Such unprecedented behavior raises serious questions about current market dynamics and where things might head from here.
they are doing it intentionally. i think Tether is behind this non sense. How can a top exchange company afford this kind of lapse at their end twice a day
BonDeVito
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$USUAL i want to ask to Binance Staff, why some people have USUAL delisted and some people have the announcement of the spot listing, is really Binance fooling some of make you sell and buy your USUAL?