Kekius Maximus, the Ethereum-based cryptocurrency, surged by 88% following an Elon Musk post on X.
Market Reaction to Musk's Post
On Thursday, Kekius Maximus rose by 88% with its trading volume increasing by 197%, reaching $24.01 million. The surge occurred following a post by Elon Musk, catching the market off-guard.
What Triggered KEKIUS Rally
Musk's post featured an image of 'Kekius Maximus'—a playful fusion of characters Pepe and Maximus from the movie 'Gladiator'. On Musk's desk was also a 'Make America Great Again' cap and DOGE plaque.
Risk and Impact on Meme Coin Market
Despite successes, the meme coin market remains unpredictable and risky. The price of KEKIUS, like other meme coins, is driven by social media trends and emotional background. Musk's activity continues to influence such tokens.
Elon Musk's influence on the meme coin market is undeniable. Despite the high risks associated with these investments, the popularity of these assets is undeniable.
