Elon Musk Shakes Up the Cryptocurrency Market: $KEKIUS Crashes After Musk Changes Profile

Tesla CEO Elon Musk once again shocked the cryptocurrency world. After briefly changing his profile name to ‘Kekius Maximus’, Musk reverted back to his previous username, causing a significant drop in the value of the meme coin KEKIUS. After surging over 1,000% in two days, this currency plummeted by 50% in just 24 hours, reaching $0.09217. Despite the setback, KEKIUS still boasts a 7-day increase of over 6,000% and a market capitalization of $92 million. The renaming of Musk is shocking After renaming to “Kekius Maximus”, a large KEKIUS whale has sold all of its holdings from the address 0x820…31cc, contributing significantly to the decline of this currency. The whale has made $2.3 million from the sale, but the impact on KEKIUS is very serious. Musk has also updated his profile picture to an image of Pepe the frog in a Roman costume holding a game console. The choice of ‘Kekius’ has sparked speculation due to its connection to the Latin word for laughter and its association with internet meme culture. While some believe this move is a joke, others speculate a deeper meaning. Musk has not commented on this change. The rapid rise and fall of KEKIUS The value of Kekius Maximus skyrocketed by over 900% immediately after Musk updated his profile. However, a sell-off initiated by the KEKIUS whale caused a 60% drop in price in just one hour. Despite the incident, this whale’s calculated exit has yielded a profit of 40%. Currently, KEKIUS is trading at $0.001399, losing 83% of its value in 24 hours. Its daily trading volume also decreased by 70% to only $1.48 million. Other meme coins themed around frogs are following a similar downward trend, erasing recent gains.

The history of Musk’s influence on cryptocurrencies This is not the first time Musk’s actions have impacted the cryptocurrency market. The billionaire entrepreneur has a history of changing his profile name on X, previously using aliases like ‘Bay Tweet’ and ‘Naughtius Maximus’. His support for Dogecoin has also significantly boosted prices in the past, reinforcing his position as a major influencer in the cryptocurrency world. What will Xu Meme do next? As 2025 begins, the volatility of meme currencies like KEKIUS highlights their susceptibility to external factors. While Musk’s playful actions may lead to explosive price increases, they also emphasize the risks of speculative trading. Investors should exercise caution and closely monitor market trends. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)