Elon Musk adopts Kekius Maximus persona, boosts memecoin value by 1600%

Elon Musk changed his social media handle to "Kekius Maximus" on December 31, 2024, without explanation. This sparked speculation among his followers and led to a significant increase in the value of the memecoin Kekius Maximus, which rose over 1,600%. Musk also updated his profile picture to a Pepe the Frog avatar, which is associated with various internet cultures. The name "Kekius Maximus" combines elements from the movie Gladiator and internet slang, prompting discussions about its meaning and potential implications for the cryptocurrency market. The memecoin was trading at less than 20 cents before Musk's change. His social media activity has previously influenced cryptocurrency prices, but it is unclear if he has any direct involvement with this particular memecoin.