What will be Elon Musk's next significant action impacting cryptocurrency markets by June 30, 2025?
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News reports and social media activity
Elon Musk Becomes 'Kekius Maximus', Updates Profile Picture to Pepe; KEKIUS Memecoin Surges 1,500% to $0.16
Dec 31, 2024, 12:24 PM
Elon Musk, the CEO of Tesla and owner of social media platform X (formerly Twitter), changed his display name to 'Kekius Maximus' on December 31, 2024, and updated his profile picture to an image of Pepe the Frog dressed in Roman armor holding a gaming controller. Following the update, the memecoin KEKIUS, sharing the same name, surged by as much as 1,500% to reach $0.16, with its market capitalization rising to approximately $156 million and a 24-hour trading volume of $35.2 million. A trader reportedly turned a $1,964 investment into $1.535 million, realizing a 780-fold gain. MEXC holds over 50 million KEKIUS tokens. Musk's actions have again demonstrated his significant influence on cryptocurrency markets, particularly memecoins, leading to substantial market movements.
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