Elon Musk made waves in the crypto market again as he changed his avatar on social platform X. This change sent Solana-based memecoin, Kekius Maximus (KEKIUS) into a downward spiral. The coin sank by around 90% after the tech mogul changed his avatar on the social media platform.

Elon Musk’s recent decision to change his name to “Kekius Maximus” on X (formerly Twitter) has sparked a flurry of questions and speculation across the internet. The name change was accompanied by a new profile picture featuring a version of the Pepe the Frog meme.

Elon Musk's brief name change to "Kekius Maximus" on X sparked a massive surge in the Kekius Maximus memecoin, according to blockchain analytics firm Lookonchain. One trader turned a $66 Ether investment into a $3 million gain in just eighteen days.

Tesla CEO and X Owner Elon Musk reverted to his original name after briefly adopting Kekius Maximus on December 31st. The name change had sparked a surge in frog-themed meme coins, including Kekius Maximus,

The world’s richest man’s new handle and avatar appear to refer to a cryptocurrency – but they both include references previously co-opted by the far right

When Elon Musk changed the name of his X profile to Kekius Maximus, it helped a lucky trader turn $66 into $3 million trading the meme coin.