Elon Musk, CEO of Tesla and
In the most recent case, the billionaire drove up the price of meme coins inspired by a meme created by Grok using an X stunt. Here’s what happens.
Elon Musk changes profile
In the last 24 hours, Tesla CEO Elon Musk caused a stir with changes to his X profile. Specifically, he changed his profile name to Kekius Maximus and his display image to an image of the meme created by Grok.
For the uninitiated, Kekius Maximus is a meme generated by Grok that combines the famous Pepe meme with the gladiator Maximus character.
The meme had inspired several meme coins around the world Ethereum And Solana Blockchains, the oldest of which was apparently launched 17 days ago. They have all now risen to record highs after Elon Musk’s X stunt.
At the time of writing, the Solana version is up 16,000% in the last 24 hours, while the Ethereum version is up 16,000% over 700%according to DEX Screener data. Each has a market cap of $1.6 million and $123 million, respectively.
So what happened and why did Elon Musk change this profile?
Playing with the mainstream media
Although some reports suggest that the move could be a sign of Musk’s support for the meme coin, it appears to be part of a ploy to play with the mainstream news outlets that follow him current speculation that he used a burner account called “Adrian Dittman” to praise and defend himself on the platform.
After changing his profile, the billionaire…
