Musk’s ‘Kekius Maximus’ persona jolts crypto world, causes meme coin to soar 900%
In a surprise move, billionaire Elon Musk altered his profile name on X to “Kekius Maximus” on Tuesday (Dec 31) which sparked a flurry of reactions from his followers on social media.
He also changed his profile avatar to an image of the popular character, Pepe the Frog, clad in Roman attire and holding a video game joystick.
This sudden change of tech mogul’s username and password sparked chaos in the cryptocurrency market, causing the value of a meme coin sharing the same name to surge dramatically.
Netizens were seen looking for answers, asking questions about whether the change was only for laughs or was another trick by US President-elect Donald Trump’s confidant to shake up the cryptocurrency markets.