The Kekius Maximus token continued its strong rise on January 1, becoming the best cryptocurrency on the market as it continued to accumulate.
The price of Kekius Maximus (KEKIUS) rose over 200% and reached a high of $0.4010, pushing its market cap to over $332 million.
The increase came after Elon Musk changed the name and image of his X profile to this name, which led to more purchases from traders.
There are signs that some crypto investors expect the token to continue to rise rapidly over the next few weeks. A whale exchanged $62 billion worth of Pepe tokens (PEPE) for $1.2 million worth of Kekius tokens.
Other large buyers have conducted similar deals. As shown below, there were over 10 trades worth over $425,000 in the last 24 hours.
These investors are buying the Kekius Maximus token because of Elon Musk’s influence in the social, economic and political spheres. Socially, he is one of the most popular people in the world with over 200 million X followers.
Economically, he is the richest person in the world with a net worth of $450 billion. This wealth comes from companies like SpaceX, Tesla, X and Xai. Politically, he is a close ally of future President Donald Trump.
Elon Musk has also promoted meme coins in the past. The most notable promotion was Dogecoin (DOGE), which has become a $50 billion behemoth in the crypto space.
The price of Kekius Maximus could soon fall
The rise of KEKIUS also mirrors that of other recently launched and hyped meme coins. For example, the price of Moo Deng (MOODENG) rose from $0.02 in…
