A frog-themed memecoin is seeing massive momentum after billionaire Elon Musk changed his username on social media platform X.
According to Musk’s
Kek has also been associated with Pepe the Frog, a cartoon character who inspired the memecoin PEPE with a market cap of $8.1 billion.
Tesla’s CEO’s abrupt name change led to a stunning surge in Kekius Maximus (KEKIUS), an Ethereum-based frog-themed altcoin, which skyrocketed over 32,000%, from $0.00123 on December 30 to one Peaked at $0.40 on January 1st.
The meme asset has since declined and is trading for $0.264 at the time of writing, while its market cap has increased to over $250 million.
Musk – a long-time supporter of meme assets like Dogecoin (DOGE) – gave no reason for changing his approach to X.
The business tycoon, who will soon be Donald Trump’s head of the Department of Government Efficiency (DOGE), was once accused of manipulating the price of DOGE through a pump-and-dump system. However,…
