Elon Musk's New Display Name 'Kekus Maximus' Inspires New Meme Coin to Skyrocket by Over 2000%

Kekus Maximus, the name of a meme coin, is a type of cryptocurrency inspired by internet memes and was launched on December 14, 2024.

Elon Musk, the owner of X, has changed his display name and image to ‘Kekus Maximus’, sparking a shift in the cryptocurrency market.

Kekus Maximus, a meme coin, is a cryptocurrency inspired by internet memes that was launched on December 14, 2024.

The meme coin combines the ‘Pepe the Frog’ meme with the armour of ‘Maximus’, the heroic protagonist of the movie, Gladiator.

After the name change was noticed on December 31, Musk shared a post saying, “This will be priceless,” after a user expressed curiosity about how the media would cover the move.

The value of the Kekus Maximus meme coin skyrocketed by over 2000 percent after Musk changed his display name, according to Forbes.

Musk has not clarified his intentions behind the name change, but he has since reverted to his original name.

The meme coin is currently trading at $0.0112, with its all time high at $0.0112, according to Coinmarketcap, a cryptocurrency aggregator.

The name change marks another instance of Musk’s social media activity impacting crypto prices.

In 2021, his tweets about Dogecoin caused the coin’s value to soar.

The billionaire also integrated Dogecoin into the payment system of his electric carmaker, Tesla, describing the digital coin as his “favourite” cryptocurrency.

Musk’s influence in the cryptocurrency market also extends to Bitcoin, as the most valuable crypto asset jumped to a record high of $44,000 per coin in February 2021, after Tesla announced a $1.5 billion investment in the cryptocurrency.

Three months later, the cryptocurrency market plunged after Musk announced that Tesla has suspended the Bitcoin payment option launched in March 2021.