Fun

Crypto Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return

News Feed - 2024-12-31 11:12:22

Este artículo también está disponible en español.


Elon Musk, billionaire entrepreneur and CEO of Tesla and SpaceX, has once again rattled the crypto market with a simple name change on his X account. This time, Musk renamed his official profile to “Kekius Maximus” and replaced his avatar with a PEPE frog dressed in antique armor holding a gaming controller. While the eccentric tech magnate has not offered an explanation, the sudden shift has fueled intense speculation. Elon Musk’s new name and profile pic | Source: X


One of the biggest beneficiaries of this development is a relatively unknown memecoin, also called Kekius Maximus (KM). Notably, mere hours before Musk’s rebranding, an anonymous trader made a noteworthy purchase that led to a massive windfall. On-chain analysis firm Lookonchain (@lookonchain) reported via X:


“What a lucky trader—or perhaps an insider! 9 hours ago, he spent $4,360 to buy 18.15M KM. Just one hour ago, Elon Musk changed his profile name to Kekius Maximus, sending the price of KM soaring by ~17,000%. The 18.15M KM he bought is now worth $638K!” Related Reading Top Crypto Assets For Q1 2025: Grayscale Reveals The Best Altcoins 23 hours ago


Whether the timing was pure coincidence or something more coordinated remains an open question. As of press time, there is no indication that Musk has any direct affiliation with the token. Yet the trader’s sensational profit underscores the often-unpredictable relationship between Musk’s online antics and sudden market movements.


As of press time, Kekius Maximus (KM) is trading at $0.03087, representing a staggering 12,533% increase in the past 24 hours. Its market capitalization has shot up to $30.87 million, while daily trading volume has surged to approximately $103.51 million. Kekius Maximus (KM) skyrockets within minutes, 5-min chart | Source: KMSOL_6R3YY5 on TradingView.com


However, contrary to claims from some crypto media outlets, Musk’s name change has no connection to the memecoin itself, and there is no affiliation. Once again, it’s a fortunate surprise for certain crypto traders. Related Reading Expert Reveals Top 15 Crypto Predictions For 2025 You Need To Know 1 week ago


Remarkably, this is not the first time Musk has generated a frenzy with his name or profile changes. In the past, he has adopted monikers like Mr Tweet, Naughty Moniker, and Naughtius Maximus. In April 2023, he famously replaced the Twitter bird logo with the Dogecoin Shiba Inu dog, causing a temporary DOGE price spike.


Regarding his latest adoption of the term “Kekius Maximus,” various interpretations abound within online communities. “Kek” traces its origins to World of Warcraft’s auto-translation of “LOL,” evolving into a broader internet meme. “Pepe the Frog” is similarly intertwined with “Kek,” having been adopted by assorted online subcultures over the years. The notion of “Kekistan”—a fictional internet “nation” that plays on cultural satire as a satirical response to identity politics, while the flag of Kekistan mimics a German war flag.


Recently, Musk has made significant waves in German politics by expressing support for the Alternative for Germany (AFD). The mainstream media and other political parties have strongly criticized Musk’s actions, while he himself has reaffirmed his stance by agreeing to an interview with AFD leader Alice Weidel. However, whether there’s a broader context to these actions remains purely speculative. Featured image from X, chart from TradingView.com

News Feed

Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has pro
Savannah Fortis10 hours agoSam Bankman-Fried blamed Binance for balance sheet leak to media: Court evidenceAn internal document was revealed in court showing Sam Bankman-Fried believed Binance leaked Alameda’s balance
Martin Young4 hours agoGrayscale met with SEC to discuss spot Bitcoin ETF detailsGrayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC).4933 Total views5 Tot
BODEN memecoins briefly spike after Hunter Biden guilty verdit
Jesse Coghlan8 hours agoBODEN memecoins briefly spike after Hunter Biden guilty verditMisspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug
Robinhood Q2 crypto revenue surges 161% on rising trading volume
Brayden Lindrea8 hours agoRobinhood Q2 crypto revenue surges 161% on rising trading volumeThe $81 million Robinhood made in crypto revenue was more than double made from equities in Q2.6999 Total views17 Total sharesList
Jamiroquai to Bring ‘Virtual Insanity’ to The Sandbox Blockchain Metaverse
Jamiroquai to Bring "Virtual Insanity" to The Sandbox Blockchain Metaverse On Wednesday, the acid jazz-funk band Jamiroquai revealed it has partnered with the blockchain-based virt
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto FlowVANCOUVER / SEPTEMBER 25, 2020 —Blockparty—the New York-based rare digital
Biggest Movers: Tron Climbs to 5-Month High, With WAVES up 15%
Biggest Movers: Tron Climbs to 5-Month High, With WAVES up 15% Tron (TRX) rallied to a five-month high earlier in today’s session, as bulls continued to feed off recent news
Kraken counters SEC’s legal interpretation in dismissal motion
Amaka Nwaokocha14 hours agoKraken counters SEC’s legal interpretation in dismissal motionKraken argues that the SEC’s efforts to refute unaddressed arguments indicate a misunderstanding of the case’s central points
The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms
Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms Amazon founder and former chief executive Jeff Bezos has given some advice to consumers
Crypto Economy Hovers Below $3T: Analyst Says First Bear Marker ‘Would Be a Capitalization Drop Under $2.38T’
Crypto Economy Hovers Below $3T: Analyst Says First Bear Marker "Would Be a Capitalization Drop Under $2.38T" The crypto asset economy has been down in value over the last week as