Tesla Motors CEO Elon Musk changed his profile name on
Shortly after Elon Musk adopted the new name, the whale A FEW 0x820…31cc sold its bags, contributing greatly to the loss of the token. The whale, however, made a profit of $2.3 million from the token.
Elon Musk updated his X profile name to “Kekius Maximus”
Elon Musk took the name “Kekius Maximus” on Tuesday
Several comments emerged regarding Elon Musk’s change of nickname, particularly due to the association of the name “Kekius” and the character Pepe with far-right groups. Some suggested it may have been a joke, while others hinted at possible hidden meanings of the change. However, Musk has yet to give a direct explanation for his profile changes.
The term “Kekius” seems to have been coined from the Latin “Kek”, which evokes laughter. Additionally, “Kek” is believed to be an ancient Egyptian god of darkness with the head of a frog. “Maximus” is related to the character played by Russell Crow in the film Gladiator, Maximus Decimus Meridius.
-Musk’s X name update caused KEKIUS token to pump
Shortly after Musk updated his profile name, the value of the memecoin Kekius Maximus skyrocketed. By Tuesday evening, the value of memecoin had jumped more than 900%; However, at the time it was not immediately clear whether Musk’s decision caused the price increase.
However, the KEKIUS whale ‘0x820168e15ec0c16cd757257399519429eb2b31cc’ began selling its assets, triggering a 60% drop in the token’s prices in just one hour. The whale received $2.3 million in profits, with a success rate of 40%.
The KEKIUS token is currently priced at 0,001399 $ a loss of 83% over the last 24 hours. Its 24-hour trading volume is also down 70%, to just $1.48 million, with some attributing the drop to Elon Musk’s changing profile.
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