In just over 15 minutes, the Kekius Maximus Crypto token fell 122.8% to ₹0.307 on Thursday from ₹0.684.
Elon Musk has once again changed his name on the microblogging site X, two days after he took up the alias "Kekius Maximus." In only about 15 minutes, the Solana-based memecoin Kekius Maximus Crypto token fell 122.8% to ₹0.307 on Thursday from ₹0.684.
Elon Musk replaced his profile photo with one from his time as a Donald Trump campaigner. The Space X CEO is seen holding a microphone in the middle of a speech, with the US flag now in the background of the display image.
'Kekius Maximus' is the new nickname that Space X CEO Elon Musk took on Tuesday on the social media site X.
A creative rendition of the 'Pepe the Frog' meme was also used by Elon Musk to update his X profile photo. In the illustration, Pepe is shown holding a video game joystick while clad as a warrior in full armor.
According to CoinGecko, KEKIUS saw an incredible 500% increase in value in just a few hours when Elon Musk adopted the pseudonym "Kekius Maximus" on his X (formerly Twitter) account on Tuesday.
Elon Musk changed his name on X and issued a severe bankruptcy warning to the US, which caused the price of the little bitcoin competitor to soar by about 2,000%.
Kekius Maximus was a pun on the internet gaming term kek, which is a version of haha (laugh out loud) and was first used in South Korea and the World of Warcraft online game. It also made reference to Elon Musk's character in the video game Path of Exile 2, the popular Gladiator film, and the video game.
Elon Musk's involvement in cryptocurrencies is not new.
The Doge Department of Government Efficiency was established as a result of Elon Musk's crusade against wasteful US expenditure, which the Tesla CEO has stated he believes could cut $2 trillion from US spending.
Interestingly, the Doge department pays homage to the Shiba Inu doge meme, which is connected to the cryptocurrency Dogecoin.Elon Musk has referred to bitcoin as his "favorite" cryptocurrency, and his Tesla automaker accepts it as payment. However, Tesla still has about 10,000 bitcoin, valued at almost $1 billion on its bank sheet.
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