Elon Musk, known for shaking markets, changed his X account name to "Kekius Maximus," adding a PEPE frog avatar. Musk hasn't explained, but the change sparked speculation. A small memecoin, Kekius Maximus (KM), saw a 17,000% price jump. An anonymous trader's timely $4,360 purchase of 18.15M KM now values at $638K.
This curious windfall prompts questions about coincidence versus ploy, with no evidence linking Musk to the token. KM's price hit $0.03087, soaring 12,533% in a day. Its market cap neared $30.87 million, with $103.51 million daily trading. This event reaffirms Musk's online actions often trigger market chaos.
Musk's "Kekius Maximus" move evokes debates around "Kek" and "Kekistan," linked to World of Warcraft lore and online memes. This aligns with his past antics, like swapping Twitter's bird for Dogecoin's Shiba Inu symbol, prompting DOGE spikes. Musk's German political involvement adds layers, especially after backing AFD, spurring media and political reactions.
