From Kekikus Maximus to Percy Verence, Elon Musk is teasing meme coin investors

Billionaire Elon Musk is teasing meme coin investors by constantly mentioning different mascots in the first few days of 2025. The prices of tokens using these mascot images are unpredictable. After Kekikus Maximus, it's now Percy Verence. Many investors are chasing these tokens and have to make risky decisions. Also Read: Many Vietnamese Crypto Investors "Lost Tet" Due to LESTER, KEKIUS and Emoji Billionaire Elon Musk Introduces New Character Named Percy Verence Last week, billionaire Musk changed his X account name to Kekikus Maximus, causing the KEKIUS price on Ethereum to surge strongly. In less than 3 days, the billionaire restored his old name, causing the KEKIUS price to drop by 85%. And then, Musk introduced another character named Percy Verence. "I've started a new character named Percy Verence," Elon Musk commented. The irony is that Elon Musk responded like this in a post by meme coin investor and former professional basketball player Scottie Pippen, who believed the Kekius Maximus momentum would continue. Many in the community believe that Elon Musk's introduction of a new character is the end for the KEKIUS token. The price of this token has dropped another 30% since Musk's response. "May Percy Verence avenge the death of Emperor Kekius Maximus," commented Alex Lorusso - producer of The Benny Show. Mario Nawfal - host of "The Roundtable Show" - joked with a post about an image of Kekius Maximus handing over the ring of power to Percy Verence, captioning it "With great power comes great responsibility." The discussions of these KOLs look like a joke, but the direct victims are the meme coin investors. Numerous PERCY Tokens Emerge After Elon Musk's Introduction According to BeInCrypto's research, the X account named Investor (@moneymancalls) provided video evidence that Musk's X account had liked a comment from the ZFgoat (@Zfgoat) account mentioning the name "Percy Verence". However, this no longer creates much appeal in the community. Data on Dexscreener shows that numerous tokens named PERCY have appeared across chains like Solana, Ethereum, Base... and most are less than 2 days old. With very low trading volume and liquidity. Not to mention the countless Percy Verence tokens that have appeared on the meme coin creation platform Pump.fun. The PERCY token with the largest market capitalization and best liquidity is on Ethereum, with a market cap of over $10 million and a daily trading volume of over $2 million. It seems PERCY is not as attractive to investors as KEKIUS was before. The community seems to have quickly recognized the risks of these tokens emerging based on the billionaire Musk's actions. Recently, Elon Musk's posts have always been the focus of the Crypto community. Many implications in his posts have been interpreted by investors to drive the price increases of DOGE, PNUT... However, the billionaire never directly mentions the relationship between his content and the tokens. Join the BeInCrypto community on Telegram to stay updated on the latest analysis and news about the financial market in general and cryptocurrencies in particular.