Elon Musk Changes Name on X and Makes Cryptocurrency Kekius Maximus Skyrocket

• Musk boosts KEKIUS with reference to the god Kek.
• KEKIUS registers a 32.000% appreciation, reaching US$ 0,40.
• PEPE also benefits, highlighting the impact on the market.

A frog-themed cryptocurrency has seen explosive growth after Tesla and SpaceX CEO Elon Musk changed his username on Platform X to “Kekius Maximus.” The choice is a reference to the Egyptian god Kek, who is often associated with ao Pepe the Frog meme, which also inspired the popular PEPE memecoin.

Kekius Maximus will soon reach level 80 in hardcore PoE pic.twitter.com/Cg5ttuqjvX

— Kekius Maximus (@elonmusk) December 31, 2024

Musk’s name change prompted an immediate market reaction, leading to altcoin Kekius Maximus (KEKIUS) surging by an impressive 32.000% in value. The token, which was trading at $0,00123 in late December, peaked at $0,40 on Jan. 1 before falling back to $0,264 at the time of writing. Despite the correction, KEKIUS’s market cap has surpassed $250 million, cementing its position as one of the most talked-about cryptocurrencies heading into 2025.

While Musk did not explain the reason for his name change, his association with memecoins is not new. The entrepreneur is known for moving the digital asset market, especially regarding Dogecoin (DOGE), with tweets and actions that often drive prices up. However, Musk has also faced accusations of market manipulation related to DOGE, allegations that were dismissed last year, with the court ruling that his comments were merely “aspirational.”

Musk’s impact on the market was felt beyond KEKIUS. The memecoin PEPE, inspired by the same meme, saw an 8,55% increase in value over the same period, highlighting the ripple effect that the actions of influential figures can have on the crypto market. In addition, the hype generated by KEKIUS has encouraged the emergence of new themed tokens on networks such as Solana and Tron, attracting the attention of investors and traders.

While KEKIUS’s surge has garnered attention, analysts warn of the inherent volatility of memecoins, especially those driven by celebrities. The case is comparable to previous events, such as the rise and subsequent fall of Dogecoin after Musk’s actions or the temporary rise of tokens promoted by other influencers.

While there is no confirmation of Musk’s direct involvement with KEKIUS, his ability to move markets through cryptic references and his active presence on digital platforms continue to attract speculation. The combination of meme culture and cryptocurrency investments reinforces the complexity of the market, as investors closely monitor the billionaire’s next steps.