Sa’ed News: Elon Musk’s name change on the platform X to “Kekius Maximus” and the update of his profile picture to a meme of "Pepe the Frog" dressed in Roman attire holding a video game controller had a significant impact on the cryptocurrency market. This name change led to a 500% increase in the price of the “Kekius” (KEKIUS) token.
According to the Science and Technology section of Sa’ed News, quoting from Arz Digital, Elon Musk, CEO of Tesla, changed his name on the social media platform X to "Kekius Maximus," which led to an increase in the price of a similar cryptocurrency called Kekius. At the time of the news release, the price of Kekius reached $0.08832, reflecting a 504% increase on the daily chart. Musk also changed his profile picture to Pepe the Frog.
This move caused a trader who had bought $1,964 worth of Kekius two weeks ago to now hold $1.535 million. The 24-hour trading volume of Kekius Maximus reached $35.2 million, and its market value surpassed $88.32 million. This is not the first time Musk has changed his name on Twitter. He had previously changed it to Mr. Tweet and Natius Maximus. Last month, Musk also caused a short-term increase in the price of Dogecoin by posting a meme.
