Why is Elon Musk promoting Kekius Maximus? PEPE Themed Coins Skyrocket!

Bittime - Elon Musk recently changed the name of his X social account. The CEO of Tesla and owner of the X platform surprised the world by changing his account name to "Kekius Maximus". 

This decision seems to promise new excitement among crypto fans, especially among meme lovers and investors who are taking a serious look at developments in the cryptocurrency world. So, what really happened behind this controversial move? Check out the review.

What is Kekius Maximus?

Kekius Maximus, also known by the symbol $KEKIUS, is a type of memecoin — a cryptocurrency inspired by viral internet memes. 

The name Kekius Maximus itself appears to be a combination of the term "kek," which refers to laughter in the game World of Warcraft, and the name of the iconic character, Maximus Decimus Meridius, from the film Gladiator (2000). 

With Musk's popularity, the coin also experienced a tremendous surge, increasing by around 700% after the announcement.

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Reasons Elon Musk Promotes Kekius Maximus

Elon Musk, a wealthy figure known for his support for various previous cryptocurrencies such as Dogecoin, is now seen confirming his support for Kekius Maximus. 

His name change and profile picture on X featured a Pepe the Frog meme dressed in an ancient Roman costume. In this context, Musk seems to want to link Kekius Maximus with pop culture and the dynamics of the world of gaming, as well as tempting fans and investors.

This is in line with Musk's tendency to use his social media platforms to influence the market. 

Some analyzes suggest that Musk's influence in announcing or promoting a particular coin can move very quickly and significantly, raising the question: Is this just a joke or a long-term investment strategy?

The Effect of Elon Musk's Personality Change on the Price of PEPE Themed Coins

After Musk changed his name, Kekius Maximus not only attracted the attention of X users, but also immediately had an impact on the crypto market. The significant price jump, exceeding 800%, shows how much Musk's influence on the cryptocurrency world cannot be underestimated. 

In a broader sense, Musk's name change has also re-created interest in memes that were once controversial, such as Pepe the Frog.

However, behind the price spike, there are concerns that Pepe's image has been linked to various extremist groups, making this promotion risky. Some circles consider Musk's move to be a provocation that could spark new controversy.

Read also: Payment Tokens: XRP and XLM Compete in an Early Year Bullrun?

Conclusion

With Musk's backing, Kekius Maximus has shot into the mainstream spotlight, with the coin's price proving the significant impact of the billionaire's name and persona change. 

While some welcomed this enthusiasm, others warned about the risks that could be posed by the controversial associations behind the promoted memes. With Musk's plans to make Kekius Maximus more than just a joke, the cryptocurrency sector looks set to continue to churn.

FAQ

What is Kekius Maximus?

Kekius Maximus is a new memecoin popularized by Elon Musk, with its value soaring significantly after its name was changed.

Why did Elon Musk change his name to Kekius Maximus?

This change appears to show its support for cryptocurrencies and tempt social media users.

What is the relationship between Pepe the Frog and Kekius Maximus?

Pepe the Frog is a meme Musk uses as his profile image, which also has a controversial record of extremist associations.

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Reference 

Fast Company, Musk’s ‘Kekius Maximus’ persona deepens his alignment with Trump’s far-right base, accessed January 2, 2025.

Independent, Musk changes X handle to Kekius Maximus. What does it mean?, accessed January 2, 2025.

Author: Y