Elon Musk is well known for his love of memecoins. However, the latter has the gift of exploding the value of certain tokens, to the great delight of investors. Thus, a trader saw his $66 investment transformed into $3 million thanks to the richest man in the world.
- Elon Musk inspired the creation of the memecoin “Kekius Maximus” by changing its name to X, causing the token to rise by an extraordinary 200,000% in a few hours.
- A clever trader turned a $66 investment into $3 million by anticipating Musk’s move, making a 45,900% gain.
Kekius Maximus: Elon Musk’s new memecoin
On December 31, Elon Musk changed his name on X to “Kekius Maximus”. At the same time, he also changed his profile picture to that of a Pepe the Frog as a gladiator.
It was enough for Internet users to start creating memecoins linked to this new delirium from Musk.
Thus, the token Kekius Maximus was born on Ethereum. In the space of a few hours, its price exploded, going from $0.00002 to $0.04, an increase of 200,000%.
For once, the token quickly lost its interest. Thus, it is now trading around $0.004.
A trader turns $66 into $3 million
On January 1, Lookonchain analysts shared a transaction that was surprising to say the least. Thus, a trader managed to transform $66 into $3 million.
In practice, this user had acquired 10.17 million Kekius Maximus tokens for $66 on December 14. On January 1, he sold 2.81 million of these tokens for 60.3 ETH, or $3 million.
In total, this represents a gain of 45,900% for this user. It seems that the latter had a hollow nose and anticipated Musk’s movement. In fact, he acquired his tokens 18 days before Musk changed his name to X.
For his part, Elon Musk seems to have other concerns. Indeed, the billionaire is currently negotiating with the SEC regarding a potential out-of-court settlement. As a reminder, the SEC accused Musk of having orchestrated a pump and dump on Dogecoin.
