Elon Musk has changed his name on X, formerly Twitter, to Kekius Maximus, and replaced his profile picture with Pepe the Frog, a popular meme, dressed as warrior holding a video game joystick. This could be seen as a popular measure to publicise the KEKIUS memecoin among the crypto traders.
After Musk endorsed the memecoin (KEKIUS) through a change in his X bio, it skyrocketed over 500% in just a few hours, said the CoinGecko data.
Kekius Maximus @elonmusk | Photo Credit: X/@elonmusk
Typically, memecoin is the cryptocurrency inspired by prevalent trend on the internet.
Meanwhile, Kekius Maximus, popular as ‘KEKIUS’ is a cryptocurrency token based on blockchain platforms like Ethereum and Solana.
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Musk is known to promote cryptocurrencies in the past as well. Previously, he endorsed the Shibu Inu-inspired Dogecoin.
Pepe the Frog, a common meme in U.S. had different versions of being sad or angry. However, the name Maximus is being derived from the movie Gladiator.
Published - December 31, 2024 05:10 pm IST
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