Elon Musk, the Tesla billionaire and to release”. .”
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Bitcoin price has retreated from its post-election peak of nearly $110,000 per bitcoin, with the price expected to be just weeks away from a “major” move.
As Musk now issues a strong bankruptcy warning for the US, the Tesla billionaire has changed his name to X – causing the price of a small Bitcoin competitor to skyrocket by around 2,000%.
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Elon Musk, CEO of Tesla and owner of X, has changed his name on the platform. … [+]
“This will be invaluable,” Musk posted on X after changing his name to Kekius Maximus on the platform.
Kekius Maximus appears to be a reference to his character in the video game Path of Exile 2, a nod to the hit film “Gladiator” and a pun on the internet gaming term “kek”, a variation of “lol” (laugh out loud), which has its origins in South Korea and in the online game World of Warcraft.
“Kekius maximus is the meme coin for X, capturing the viral energy and chaos that thrives on the platform,” reads the memecoin’s description on CoinMarketCap, a crypto data site. “Born from Elon’s favorite memes, it’s a perfect fit for the X community – where memes and crypto collide.”
Musk’s post quoted Adrian Dittmann’s account, which some have speculated could be controlled by Musk, although he has denied this.
“Imagine you are a journalist writing about Elon on X and it says: ‘Elon Musk, aka ‘Kekius Maximus’ on
Musk’s name change to
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The price of Bitcoin competitor kekius maximus has skyrocketed following Elon Musk’s name change … [+]
Musk’s support for Trump ahead of November’s US presidential election helped drive Bitcoin price higher as traders bet Trump will lead a pro-Bitcoin and crypto government.
Musk also fought against excessive US spending, leading to the creation of the Doge Department of Government Efficiency, which he said could shave $2 trillion from US spending.
The Doge division is a nod to the Shiba Inu Doge meme, which is also linked to the cryptocurrency Dogecoin, which Elon Musk calls his “favorite” cryptocurrency and is accepted as payment by his Tesla car company – although Tesla continues to hold about $10,000 worth of Bitcoins on its balance sheet.
