Elon Musk changed his name on X to “Kekius Maximus”. He has not yet given an explanation on this subject. Kekius Maximus is also the name of a cryptocurrency whose price immediately skyrocketed after Musk's message.
The coin, called memecoin, increased its value by 900% in a short period of time. A memecoin is a type of cryptocurrency based on viral moments. The best known is Dogecoin, created as a joke in 2013 by two software developers. Memecoins are often considered unstable and very risky because they are linked to fluctuating social media trends.
In addition to his name on X, Musk also changed the corresponding avatar to Pepe the Frog. It symbolizes the far-right Alt-Right movement.
Musk, head of Tesla and owner of social media platform X, is the world's richest man with a fortune of more than $400 billion. He is also a confidant of the new President of the United States, Donald Trump.
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