Elon Musk has once again grabbed headlines after updating his username on X (formerly Twitter) to 'Kekius Maximus', which led to a significant rise in the meme coin KEKIUS.
Name Change and Its Consequences
Musk updated his name to 'Kekius Maximus' and briefly adopted a Roman-themed profile picture. The effect was immediate: the meme coin KEKIUS surged over 100% in the hours following the change.
Market Reaction to Musk's Actions
The token, which had resurfaced during previous phases of Musk’s antics, gained new momentum as traders saw this as a buying signal. Additionally, a simple reply from Musk on a post about another meme coin, APU, appeared to drive a rapid price spike in that token as well.
Musk's Influence on the Crypto Market
While none of these actions constitute formal endorsements, Musk's unpredictable presence on X continues to act as an amplifier for speculative trends in the meme-driven corners of the cryptocurrency market, often turning obscure tokens into temporary sensations with a single tweet or name change.
In conclusion, Elon Musk's actions have once again highlighted his influence over the cryptocurrency market, demonstrating how even a minor change like a username can lead to significant shifts in the value of meme tokens.
