Meme coin pumps up after Elon Musk renames X to Kekius Maximus

Elon Musk, the tech billionaire known for his bold ideas and unpredictable actions, is once again stirring up the crypto community. This time, he renamed his X account to “Kekius Maximus” - a name that sounds odd, but harbors many layers of meaning.

“Kechius Maximus”It's not just a random name. It is a combination between internet memes and cryptocurrencies, two factors are very prevalent among young people and the cyber community.

• The origin of the meme: Kekius Maximus is a version of Pepe the Frog, the famous comic book character who became a popular meme on the internet. The image of Kekius Maximus is often created by AI, with Pepe the Frog in armor, which is said to be related to Musk's fondness for action role-playing games (ARPGs) such as Diablo IV and Path of Exile 2.
• Links to Cryptocurrencies:“Kekius Maximus” is also the name of a cryptocurrency with the trading code KEKIUS. The currency is inspired by memes and operates on the blockchain platform. KEKIUS combines the humor element with aspects of decentralized finance (DeFi), strongly influenced by internet culture, especially the Pepe meme.

Soon after Musk changed his profile picture and account name, the image of Kekius Maximus quickly spread across the internet, becoming a viral phenomenon shared and transformed by many.

Not only does it stop at the viral effect, Musk's actions have a direct impact on the value of the KEKIUS cryptocurrency. The record shows that KEKIUS's value skyrocketed nearly 500% after Musk changed the name.

In addition, Musk has also cleverly integrated the promotion of Grok, X's new artificial intelligence (AI) tool. He revealed that the image of Kekius Maximus was created by Grok's image creator.

The price growth of KEKIUS tokens also spread to other meme coins, creating a bullish wave amid a gloomy market backdrop in the final day of 2024.

Looking at the chart, the general upward trend of meme coins can be clearly seen. For example, Dasha (VVAIFU) is up 45.3%, Al Rig Complex (ARC) is up 38.8%, Zerebro (ZEREBRO) is up 38.7%, and Eliza (ELIZA) is up 39.4% in just 24 hours.

Elon Musk's surprise name change has surprised and delighted the cryptocurrency community.

On forums and social networks, many people discussed the meaning of the name “Kekius Maximus” and shared humorous speculations about whether this was a joke or a “market signal” from Tesla's CEO.

In addition, many people expressed surprise when they saw the announcement on the X showing the name “Kekius Maximus”. Someone even humorously commented that Musk was hacked or that Kekius Maximus replaced him as CEO of all companies.

The diverse response from the community shows Musk's charisma and ability to generate lively discussion topics on social media.

This isn't the first time Musk has renamed his X account. Previously, he changed to “Mr. Tweet” in January 2023 and “Naughtius Maximus” on another occasion, before reverting to the original name.

Interestingly, the name change to “Mr. The tweet” stemmed from the fact that a lawyer had mistakenly referred to him as “Mr. Tweet” during a court hearing. Musk found the name reasonable so decided to use it.

The renaming of the account to “Kekius Maximus”, while odd and jokey, shows Elon Musk's ability to capture trends and leverage influence to create a media effect.

Is this just a joke by Musk or a sophisticated marketing ploy? Whatever his motives, this action raises many questions about the stability and sustainability of meme cryptocurrencies, and confirms the power of memes and internet culture in the digital age.