In addition to being the world's richest person and a business leader, Tesla founder Elon Musk has also been dubbed the "Dogecoin (DOGE) father" by the community for his frequent shilling of the meme coin.
However, Musk has recently reduced his shilling of Dogecoin on his social media platform X, and instead, the popular meme coin PEPE (Pepe the Frog) and its related imagery seem to have become his new obsession.
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Elon Musk Renames Twitter to Kekius Maximus
Yesterday (31st), Musk changed his Twitter account name to Kekius Maximus and retweeted an image created by Twitter user Gamer featuring the PEPE image, also changing his profile picture to a Pepe the Frog. He then posted:
Kekius Maximus is about to reach level 80 in the Path of Exile (PoE) hardcore mode.
Pepe Surges, Kekius Maximus Meme Coin Explodes
Musk's changes to his social media profile have generated significant attention from the community, and Pepe and Kekius Maximus-related meme coins have seen a massive surge. Pepe has surged 14% in the past 24 hours, making it one of the top three performing tokens in the top 100 by market cap.
Meme coins related to Kekius Maximus have also quickly emerged on the Solana blockchain, including KEKIUS and KM. KM token (address: HuAncxDEsakCDgZS2Yfo9xJbHmtHXMnxxkT9jqdXnHhm) is the highest market cap Kekius Maximus-related meme coin on Solana, currently priced at $0.0212 with a market cap of $21 million.
Additionally, there is a KEKIUS meme coin on Ethereum (token address: 0x26e550ac11b26f78a04489d5f20f24e3559f7dd9) with a current market cap of $136 million, surging over 12 times in the past 24 hours and trading at $0.137.
Trader Invests in KEKIUS, Gains 780x Profit
Due to Musk's shilling, the on-chain analytics tool @lmkfun observed that a wallet address had purchased 35.5 million KEKIUS for less than $2,000 15 days ago, and after Musk's shilling, the position's value surged to $1.53 million, a 780x gain.
However, BlockTempo reminds investors that meme coins are highly volatile, and Musk's sentiment can change quickly. Investors should also be cautious of potential rug pull scams, as various Kekius Maximus-related meme coins exist across multiple chains.
