Elon Musk’s ‘Kekius Maximus’ meme coin sparks wild 4,800% surge, is this future of crypto?
Meme coins aren’t just about financial gains; they reflect the growing influence of cryptocurrency and internet culture.
Elon Musk’s New Year’s Eve switch to the handle ‘Kekius Maximus’ – a nod to a previously obscure cryptocurrency – triggered an explosive 4,800% increase in the coin’s value, hitting a market cap of $380 million within hours. It’s a familiar story in the meme coin world, where cryptocurrencies inspired by viral memes or cultural moments—like Dogecoin, Shiba Inu, and Pepe the Frog—often soar and crash just as quickly.
Despite the volatility and skepticism from financial experts who liken meme coins to Ponzi schemes, small investors and some large funds have poured millions into these coins, riding…
