Elon Musk Becomes 'Kekius Maximus,' Triggers 17,000% Surge in Meme Coins

Dec 31, 2024, 06:31 AM

Elon Musk has changed his display name on X (formerly Twitter) to 'Kekius Maximus' and updated his profile picture to an image of Pepe the Frog dressed in Roman armor. This move prompted a surge in certain meme-based cryptocurrencies, with some tokens associated with 'Kekius Maximus' experiencing increases of up to 17,000%. One trader reportedly turned a $4,360 investment into $638,000 following Musk's change.