Kekius Maximus ($KEKIUS) saw a massive spike of 21,660% in its value following a post by Elon Musk on the platform X. This surge led to its market capitalization soaring to $343.67 million. Trading volumes likewise experienced significant growth, reflecting heightened investor interest.
Amid this surge, Ethereum gas fees have increased due to the uptick in transactions as investors rushed to get involved with $KEKIUS. However, technical indicators now suggest that the momentum is weakening, as many investors begin to take their profits, signaling a potential cooling off period for the coin.
