Frog-Themed Altcoin Explodes 32,420% After Elon Musk Suddenly Changes X Username

A frog-themed memecoin is booming after billionaire Elon Musk modified his username on social media platform X.

In accordance with Musk’s X profile, his title was changed to “Kekius Maximus,” a imprecise reference to the frog-headed Egyptian god Kek, whose title is utilized by players and Web customers to convey laughter.

Kek has additionally been linked to Pepe the Frog, a cartoon character who impressed the memecoin PEPE with a market capitalization of $8.1 billion.

The Tesla CEO’s abrupt title change led to a dizzying rise for Kekius Maximus (KEKIUS), a frog-themed Ethereum-based altcoin, which skyrocketed by greater than 32,000%, from $0.00123 on December 30 to a peak of $0.40 on January 1.

The meme belongings have since been recovered and are buying and selling at $0.264 on the time of writing, whereas the market cap has risen to over $250 million.

Musk – a longtime proponent of meme belongings like Dogecoin (DOGE) – has given no cause to vary his view on X.

The enterprise mogul, who will quickly be President-elect Donald Trump’s head of the Division of Authorities Effectivity DOGE, was as soon as accused of manipulating DOGE’s value by way of a pump-and-dump scheme. Nevertheless, that lawsuit was dismissed final November.

The decide within the case dominated that Musk’s earlier feedback about Dogecoin – together with saying it might change into the usual for a worldwide monetary system and the foreign money of the web – have been “formidable and inflated, not factual and vulnerable to falsification.” and subsequently can’t type a foundation for a lawsuit.

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Generated picture: Midjourney