Crypto Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return
Elon Musk changed his X account name to “Kekius Maximus” and updated his avatar to a PEPE frog, sparking speculation in the crypto market. This change coincided with a significant purchase of the memecoin Kekius Maximus (KM) by an anonymous trader, who invested $4,360 and saw the value of their holdings surge by approximately 17,000% to $638,000. KM's price rose to $0.03087, with a market cap of $30.87 million and a trading volume of about $103.51 million within 24 hours. Despite the timing, there is no evidence linking Musk directly to the token. Musk has previously created market frenzies with similar name changes and has expressed support for Germany's Alternative for Germany (AFD) party, attracting media criticism. Interpretations of "Kekius Maximus" include connections to internet memes and cultural satire.
