Kekius Maximus related meme coins had a brief surge after Musk's Twitter restoration, with a big dump of over 50% on that day.

On December 31, 2024, at 2:00 PM, Musk will make a major change to his name and profile picture on Twitter, replacing it with Kekius Maximus, similar to the PEPE frog. Memecoins related to PEPE frog also surged in response. However, after Musk restored his name and profile picture on January 2nd, Token related to Kekius Maximus also experienced a big dump of over 50%, like a flash in the pan.

Musk's Twitter profile undergoes major changes

Around 2 pm on December 31st last year, Elon Musk changed his Twitter profile picture to a meme resembling a PEPE frog and directly changed his name to Kekius Maximus. What's special is that this is Musk's first time changing his name on Twitter.

Musk changed his Twitter name and avatar to Kekius Maximus.

(From Cartoon Character to Meme Coin: The Evolution of Pepe the Frog and PEPE Cryptocurrency)

Related Tokens have seen consecutive big surges, with daily trading volume surpassing $100 million.

According to Chain News' previous report, due to the rapid arrival of the explosion point, the meme coin related to Kekius Maximus is still in a relatively PVP state, with Rug Pull and scams rampant.

Kekius Maximus related meme coins surged.

However, there are also meme coins with long creation time and community operation, maintaining a relatively healthy state. Among them, the most stable and optimistic one is the meme coin KM on the Solana chain, which was created on 12/10 last year, the same day when Musk first mentioned the concept of Kekius Maximus. Just when Musk changed his profile picture to Kekius Maximus, the trading volume that day surged to $108 million.

During the time when meme coin KM was mentioned by Musk on Twitter, the trading volume on that day reached 108 million US dollars. Musk's tweet reversal, big dump was just a flash in the pan.

Just around the time Musk restored his personal profile on Twitter, Kekius Maximus-related memecoins were also affected. The KEKIUS memecoin on Ethereum saw a big dump of over 50% that day, with a market capitalization dropping to $97.2 million.

The daily decline of KM meme coin on Solana also exceeded 80%, and its market value dropped to $3.1 million.

The meme coin is fluctuating, investment still needs to be cautious

Meme enthusiasts around the world were caught off guard by Musk's sudden move, and meme coin, a highly volatile type of coin, requires investors to stay calm and cautious. Doing your homework before investing is the key.

(Is Musk's new Twitter handle Kekius Maximus referring to the deified PEPE?)

This article related to Kekius Maximus meme coin had a brief moment of glory after Musk restored Twitter, with a big dump of over 50% on the first day, first reported by ChainNews ABMedia.