In an extraordinary development, a cryptocurrency trader turned a $4,360 investment into $638,000 in the space of an hour, thanks to some unexpected support from Elon Musk.
The Tesla CEO, known for his unpredictable influence on the market, updated his profile on
The trader purchased 18.15 million Kekius Maximus (KM) tokens hours before Musk’s actions, a move that some called surprisingly lucky or suspiciously prescient.
According to blockchain analytics firm Lookonchain, Musk’s profile change and a subsequent post referencing the token triggered a massive rise in price, highlighting the Tesla founder’s considerable impact on the volatile cryptocurrency market .
A familiar pattern: Musk’s influence on cryptocurrencies
This is far from Musk’s first foray into the cryptocurrency landscape. His tweets and profile updates have already triggered significant changes in the value of tokens such as Dogecoin and Shiba Inu.
In this case, Musk’s use of Kekius Maximus in his profile name and a game-related post caused the token’s value to spike by 500% in a matter of minutes, with further increases thereafter. .
While some view the trader’s windfall as a stroke of luck, others suggest that insider knowledge may have played a role. Critics also question the broader implications of Musk’s unchecked influence, given the speculative nature of cryptocurrencies.
Kekius Maximus continues to gain momentum, now trading at $0.1239, up 880% in the last 24 hours. The incident is a reminder of both the opportunities and risks of the unpredictable world of digital currencies, where a simple update on social media can reset fortunes.
Recently, Elon Musk’s AI company xAI raised $6 billion in its latest funding round, doubling its total capital to $12 billion. The funds will help advance its generative AI model, Grok, to compete with OpenAI and Anthropic.
This material may contain third party opinions, does not constitute financial advice and may include sponsored content.
