Elon Musk X Name Change Sends KEKIUS Maximus Memecoin Price Soaring by 500%

The Tesla CEO and billionaire entrepreneur changed his X handle to Kekius Maximus, sparking a 500% surge in the meme coin KEKIUS. In just 24 hours, the coin skyrocketed to $0.08832, shaking up the meme coin market with its unprecedented rally.

The Elon Musk X Name Change also saw Musk adopt a new profile picture depicting the iconic Pepe the Frog holding a joystick. The billionaire tweeted: “Kekius Maximus will soon reach level 80 in hardcore PoE,” hinting at his gaming affinity while simultaneously fueling the KEKIUS frenzy.

KEKIUS Maximus: From Meme to Millions

Following the Elon Musk X Name Change, KEKIUS experienced a meteoric rise. Its daily chart showcased a jaw-dropping 504% increase, with its trading volume surging to $35.2 million and market capitalization climbing past $88.32 million, according to CoinGecko.

One crypto analyst on X highlighted a trader’s remarkable gains:

“As Elon Musk changes his name to Kekius Maximus, anon who bought $1,964 KEKIUS 15 days ago has now turned 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.”

This stunning turnaround highlights how quickly Musk’s antics can create ripples—and profits—within the meme coin market.

Elon Musk’s Meme Coin Influence

This isn’t the first time Elon Musk’s actions have had a significant impact on the crypto world. The Elon Musk X Name Change follows a history of similar moves that have boosted meme coins. In January 2023, Musk temporarily changed his name to Mr. Tweet and humorously noted, “Changed my name to Mr. Tweet, now Twitter won’t let me change it back.”

More recently, Musk changed his X handle to Naughtius Maximus, and in another instance, a Dogecoin-themed meme he posted caused a brief surge in DOGE prices. The billionaire’s influence over meme coin markets has become a hallmark of his social media presence.

Crypto analyst Sara Michaels from CryptoPulse commented:

“Elon Musk’s ability to move markets through seemingly whimsical actions is unparalleled. Whether it’s Dogecoin or KEKIUS, his tweets create instant hype, driving trading volumes and attracting new investors.”

Meme coins like KEKIUS rely heavily on social momentum, making figures like Elon Musk pivotal. Musk’s endorsement—intentional or not—often serves as a catalyst for massive trading activity. According to blockchain expert Jordan Lee:

“The Elon Musk X Name Change underscores the volatility and unpredictability of meme coins. Investors should tread carefully, as gains can be meteoric but losses equally swift.”

Crypto Traders Cashing In After The Switch

The rise of KEKIUS is a testament to how quickly fortunes can change in the crypto world. A trader who invested less than $2,000 in KEKIUS two weeks ago now holds $1.535 million after Musk’s X handle switch. However, the same trader has already taken $535,000 in profits while maintaining a significant stake in the coin.

The phenomenon demonstrates the unique nature of meme coins, where social media and pop culture significantly influence market dynamics.

While the Elon Musk X Name Change to Kekius Maximus has sent KEKIUS into overdrive, it raises questions about market manipulation and investor caution. Experts warn that meme coin surges driven by Musk’s tweets are often short-lived.

Professor Alan Carter, a financial economist, stated:

“Musk’s antics are entertaining, but they blur the lines between legitimate investment opportunities and speculative bubbles. Investors must discern hype from substance.”

Elon Musk X Name Change: KEKIUS, What’s next?

As of now, KEKIUS’s future remains uncertain. While the coin has benefited immensely from the Elon Musk X Name Change, its long-term viability is unclear. Meme coins often rely on continuous hype, and sustaining such growth without fundamental utility is challenging.

However, Musk’s tweet about reaching “level 80 in hardcore PoE” suggests there may be more to come from the Kekius Maximus persona. If Musk continues to interact with KEKIUS-related content, the coin could see further growth.

The Elon Musk X Name Change has once again demonstrated Musk’s ability to disrupt markets and drive viral trends. From KEKIUS’s 504% surge to a trader’s $1.535 million windfall, the event highlights the speculative and exhilarating nature of meme coin trading.

As KEKIUS continues its volatile journey, investors should remember the risks associated with such assets. For now, though, the crypto world is captivated by Kekius Maximus—and wondering what Musk might do next.

Elon Musk X Name Change has not only redefined his social media persona but also proven that the intersection of memes, crypto, and culture is as unpredictable as it is profitable. Stay updated with the latest developments in the cryptocurrency industry through The BIT Gazette