Elon MuskThe decision to briefly change your profile name on X to “Kekius Maximus” generated a surprising profit for a cryptocurrency traderwho made a fortune of around 3 million dollars in just 18 days.
The trader who invested in Kekius Maximus (KEKIUS) on December 14 bought over 10 million tokens for just $66 in Ethereum
ETH
$3,452.95
By January 1st, sold a portion of his holdings for 60.3 Ethereumequivalent to approximately $93,000 at the time, keeping the rest.
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Blockchain analysis company Lookonchain My dear the total value of the merchant’s remaining tokens will be $3.05 millionwhich is 45,900 times the initial investment.
The rise of the memecoin, KEKIUS, coincided with Musk’s name change and social media activity. Musk shared AI-generated images of “Pepe
PEPE
$0.0000206
For New Year’s Eve, KEKIUS had reached a market value of 11.4 million dollars. After Musk’s profile change, his The market capitalization soared to $380 million on January 1..
However, after Musk reverted his name and profile photo, the memecoin fell and settled at $100.5 million. Despite this decline, more than 23,600 investors still hold KEKIUS tokens.
Musk’s brief name change in X is not the only one that has generated a stir. Recently, Vitalik Buterin criticized Musk’s approach to the discussions about X. What did Buterin say? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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