Musk modified his X username to ‘Kekius Maximus’. This despatched an obscure meme coin hovering 1600% – Firstpost
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The influence of Musk’s replace on the cryptocurrency world was quick. A digital forex named “Kekius Maximus,” impressed by the identical web meme as Musk’s new deal with, noticed its worth skyrocket by over 1,600% by Tuesday night
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Elon Musk, the tech billionaire and proprietor of X (previously Twitter), has as soon as once more set the web ablaze along with his antics. On Tuesday, he modified his username to “Kekius Maximus” and changed his profile image with a picture of Pepe the Frog dressed as a Roman common holding a joystick. The cryptic transfer, typical of Musk’s unpredictable on-line persona, induced a stir amongst his 210 million followers and despatched an obscure memecoin hovering by 1,600%.
The sudden username change left many guessing its intent. Was it a playful nod to web tradition? A veiled commentary? Or one other calculated transfer to shake up the crypto market? Musk, recognized for his love of memes and gaming, offered no clarification, leaving his followers to piece collectively clues.
The memecoin impact
The influence on the cryptocurrency world was quick. A digital forex named “Kekius Maximus,” impressed by the identical web meme as Musk’s new deal with, noticed its worth skyrocket. In keeping with CoinGecko, the memecoin’s worth surged over 1,600% by Tuesday night, buying and selling at just below $0.20.
Musk has a historical past of influencing cryptocurrency markets along with his social media exercise, typically sending costs hovering or plummeting with a single tweet. Whereas it’s unclear if Musk has any direct ties to the Kekius Maximus coin, his on-line strikes persistently ripple by means of the crypto house.
A mixture of popular culture and web lore
Musk’s newest moniker appears to mix numerous influences. “Kekius” references “kek,” an web slang time period just like “LOL,” which gained reputation in area of interest on-line communities. “Maximus” probably attracts from the lead character in Gladiator, a Roman common famously performed by Russell Crowe. Including Pepe the Frog into the combination provides one other layer of intrigue. Initially a innocent cartoon, Pepe was controversially co-opted by alt-right teams throughout Donald Trump’s 2016 presidential marketing campaign, although it stays broadly utilized in non-political memes.
Earlier than the title change, Musk teased his followers, posting about “Kekius Maximus reaching degree 80” in Path of Exile 2, a online game he’s overtly praised. The mixture of gaming references and meme tradition in his new identification appears like traditional Musk — cryptic, playful, and influential.
Criticism and affect
Whereas Musk’s actions proceed to entertain his followers, they typically entice criticism. Since buying X in 2022 for $44 billion, he has wielded rising affect over on-line discourse, with detractors accusing him of amplifying misinformation. His involvement as an advisor to the incoming Trump administration and his new function heading the Division of Authorities Effectivity (DOGE) — a cheeky nod to a different cryptocurrency Musk has famously championed — solely add to his controversial repute.
Love him or detest him, Musk’s potential to show a easy username change right into a viral second and a crypto market shakeup proves his standing as the final word web wildcard.
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