Elon Musk Changes Name to X, Makes Trader $3M Profit from $66
Date: 2025-01-02 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The Kekius Maximus memecoin, which originated as a mash-up of the internet meme “Pepe the Frog” and the character Maximus Decimus Meridius from the movie “Gladiator,” has become the reason for one trader’s stunning success. On December 14, the investor bought 10.17 million KEKIUS tokens for $66 in ETH, and on January 1, he sold part of it — 2.81 million tokens, receiving 60.3 ETH. Thanks to this, the trader recorded an increase in investments by 45,900 times, according to analysts from Lookonchain.
The KEKIUS token was created on December 13, and by the end of the month, its market cap reached $11.4 million. However, the real peak occurred on January 1, when the capitalization sharply increased to $380 million, according to CoinGecko. The success was fueled by Musk himself, who changed his name and X avatar to “Kekius Maximus” and posted AI-generated images of a character inspired by the “Pepe the Frog” meme fighting in the Colosseum. One of his posts received 48.2 million views, which led to a further increase in the token’s value.
However, the effect was short-lived. When Musk reverted to his old name and photo, the token’s market cap dropped to $100.5 million. However, more than 23,600 investors continue to hold KEKIUS tokens, according to CoinGecko.
In the wake of KEKIUS’s success, other memecoins were created on the Solana blockchain related to the same character, but they did not generate the same interest from traders, according to DEXScreener.
Meanwhile, Musk has turned his attention to a more serious incident: On January 1, a rented Cybertruck made by Tesla exploded outside the Trump International Hotel in Las Vegas. Musk has suggested that a bomb or fireworks may have been the cause. Authorities are investigating, and are treating the incident as a possible terrorist attack.
The KEKIUS token was created on December 13, and by the end of the month, its market cap reached $11.4 million. However, the real peak occurred on January 1, when the capitalization sharply increased to $380 million, according to CoinGecko. The success was fueled by Musk himself, who changed his name and X avatar to “Kekius Maximus” and posted AI-generated images of a character inspired by the “Pepe the Frog” meme fighting in the Colosseum. One of his posts received 48.2 million views, which led to a further increase in the token’s value.
However, the effect was short-lived. When Musk reverted to his old name and photo, the token’s market cap dropped to $100.5 million. However, more than 23,600 investors continue to hold KEKIUS tokens, according to CoinGecko.
In the wake of KEKIUS’s success, other memecoins were created on the Solana blockchain related to the same character, but they did not generate the same interest from traders, according to DEXScreener.
Meanwhile, Musk has turned his attention to a more serious incident: On January 1, a rented Cybertruck made by Tesla exploded outside the Trump International Hotel in Las Vegas. Musk has suggested that a bomb or fireworks may have been the cause. Authorities are investigating, and are treating the incident as a possible terrorist attack.
