Musk, known as the "Godfather of Dogecoin", seems to have a new favorite recently, which is the Pepe frog "Pepe". On the afternoon of December 31, he rarely changed his Twitter name from Elon Musk to "Kekius Maximus" and changed his profile picture to Pepe, triggering a surge in meme coins related to Pepe and "Kekius Maximus".
However, as Musk changed his Twitter name back to Elon Musk and changed his profile picture back to his personal photo today (2), the related tokens have also fallen.
Kekius Maximus (KEKIUS)
$KEKIUS (address: 0x26e550ac11b26f78a04489d5f20f24e3559f7dd9) on the Ethereum chain surged over 3500% in the past two days, reaching a high of $0.4, with a market cap exceeding $398 million.
However, after Musk changed his account name back, the market cap has evaporated by more than $300 million, and as of the time of writing, it is temporarily reported at $0.09679, down more than 45% in the last 24 hours.
Kekius Maximus (KM)
The $KM token (address: HuAncxDEsakCDgZS2Yfo9xJbHmtHXMnxxkT9jqdXnHhm) on the Solana chain surged over 100 times on December 31, reaching a historic high of $0.05174, with a market cap peaking at $51.73 million.
But in the last 24 hours, it has plummeted nearly 80%, and as of the time of writing, it is reported at $0.003424, with a market cap of only about $3.83 million.
$PEPE
$PEPE surged nearly 20% in the past two days, reaching $0.00002126 on New Year's Day, and is currently reported at $0.0000196, down 4% in the last 24 hours, a relatively smaller decline.
Musk's recent operations on Twitter have ignited a frenzy in the meme coin community, with related meme coins enjoying significant gains. However, BlockTempo reminds investors that meme coins have high volatility and may plummet back down with just a new post or name change from Musk. There have also been many meme coins related to Musk recently, so investors should be aware of the risks associated with these meme coins, protect their principal, do their own research, and avoid rug pull scams.
