In the world of crypto, nothing is as unpredictable as the influence of social media and famous figures. Elon Musk's temporary name change on X led to a spectacular rise in the KEKIUS coin, which allowed a smart trader to turn $66 into a whopping $3 million in profit. This surprising incident shows the volatility of memecoins and the power of Musk's presence on social platforms. Discover how this happened and what it means for the crypto market.

The amazing rise of the KEKIUS memecoin

Elon Musk surprised the crypto world with a temporary name change on X to "Kekius Maximus," resulting in a huge rise of the Ethereum-based KEKIUS coin. This bizarre move enabled a trader to turn $66 into a $3 million profit in just 18 days.

How the trader profited from the KEKIUS coin

On December 14, a clever trader bought 10.17 million KEKIUS coins for just $66 in Ether. Over the next 18 days, the value of this memecoin increased significantly, with the peak coming on January 1 when the trader sold 2.81 million KEKIUS coins for 60.3 Ether. This resulted in an impressive profit of 45,900 times the original investment.

What is KEKIUS? The meaning behind the memecoin

KEKIUS is a unique combination of the popular internet phenomenon "Pepe the Frog" and the iconic movie character Maximus Decimus Meridius from the film *Gladiator* (2000), played by Russell Crowe. This memecoin attracted global attention from crypto investors, particularly due to Elon Musk's posts.

The impact of Musk's posts on the KEKIUS market cap

Elon Musk played a key role in the rise of the KEKIUS coin by sharing AI-generated images of Pepe the Frog preparing for battle in the famous Colosseum in Rome. These posts caused a massive increase in interest, resulting in the KEKIUS market cap reaching a peak of $380 million on January 1.

Price drop and current status of the KEKIUS coin

After Musk returned to his original profile name and picture, the market cap of KEKIUS dropped from $380 million to $100.5 million. Despite the price drop, over 23,600 investors still hold the ERC-20 KEKIUS coins, according to data from CoinGecko.

The competition: Other KEKIUS-related memecoins

Around the same time, several KEKIUS-related memecoins were launched on the Solana network, but they failed to attract the same level of attention from traders as the Ethereum-based KEKIUS coin. This shows just how powerful Musk's influence was on the KEKIUS market.

Musk's focus shifts to more serious matters

After the memecoin rally, Musk's attention turned to a much more serious incident on January 1. A rented Tesla Cybertruck exploded outside the Trump International Hotel in Las Vegas. The explosion is currently under investigation as a possible act of terrorism.

Conclusion: What does this mean for the future of memecoins?

The temporary hype surrounding KEKIUS demonstrates how quickly markets can change due to social media and the influence of famous figures such as Elon Musk. While the price of KEKIUS has now dropped, the crypto world remains full of surprises, and only time will tell what the future holds for this and other memecoins.