Elon Musk Shakes the Market: KEKIUS Meme Coin Crashes Hard!

Tesla CEO Elon Musk is back at it, turning the crypto world upside down! After briefly switching his X profile name to “Kekius Maximus” and sporting a

After a brief stint of calling himself “Kekius Maximus” on X with a Roman-style Pepe the Frog avatar, Tesla CEO Elon Musk changed his X profile name back to Elon Musk.

This change in X profile name led to a massive downturn for the meme coin KEKIUS. The coin, which skyrocketed 1,000% just days ago, crashed hard, dropping 50% in 24 hours.

At the time of writing, KEKIUS is trading at $0.09217 with 7-day gains of a staggering 6,000%. The coin boasts a market cap of $92 million.

The crypto community was left abuzz as a major KEKIUS whale (address 0x820…31cc) sold their holdings en masse, cashing out a cool $2.3M in profits. This sell-off deepened the decline, sending the meme coin crashing down.

Musk’s choice of “Kekius” is interesting, considering it ties to the Latin word for “laughter” and meme culture. Whether it was a joke or something deeper remains unclear as Musk hasn’t commented on the matter. However, his profile changes have a habit of impacting the markets.

The impact was felt almost immediately as KEKIUS saw a 900% jump when Musk updated his profile. However, the joy was short-lived as the coin crashed 60% in an hour after the whale’s exit.

Currently trading at $0.001399, the coin has lost 83% of its value in 24 hours. The meme coin started 2025 with a bang, rising from $0.0002 to a peak of $0.024. From there, it crashed to 0.007 after the whale sold, and now trades at 0.001399.

Throughout 2024, Musk’s profile changes had a significant influence on the crypto market. From “Bay Tweet” to “Naughtius Maximus,” his playful antics sparked massive shifts in digital assets.

One notable instance was when Musk changed his profile picture to an image of himself as the Dogefather, which led to a 900% surge in Dogecoin (XRP) and a collective gain of over $300 billion in the crypto market.

However, Musk’s immense crypto clout also comes with risks, especially considering his status as the CEO of Tesla (TSLA) and SpaceX. His tweets and X profile changes have landed him in hot water with the SEC and traders alike.

As 2025 begins, the meme coin mania continues unabated with the fate of these coins largely tied to online trends, hype, and massive gains. Stay tuned for more updates from the crypto frontline.