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Elon Musk's new name change on the X platform has resonated again in the cryptocurrency market. He changed his profile to 'Kekias Maximus' with a Roman-style frog image, resulting in a 120% increase in the meme-inspired coin within 24 hours. Binance data showed that KEKIUS rose from 0.025 to 0.0502 overnight.
Musk causes a boom in the frog coin
Recent reports suggest that Musk's changes on social media have affected meme coins in the past. Last December, he adopted the same title and an image of Pepe covered in gold. That move led to an increase of about 500% in KEKIUS in a single day before prices pulled back.
His followers consider every change as a buy signal. They rush in when a new profile name appears. Many leave when the excitement calms down.
Binance data shows that the token's value increased by 119% in 24 hours after Musk's decision. CoinMarketCap indicates it peaked at 0.0502, up from 0.025 the previous day. This is much less than its price when it debuted last year. Speculators paid 0.25 for each KEKIUS token before the initial collapse.
Kekias Maximus mixes diverse elements. The gamers' language for laughter is 'kek.' It is also related to the Egyptian frog god that symbolizes chaos. Maximus resembles a movie fighter. The token uses Ethereum and Solana.
It was supposed that the creators would combine folklore, pop culture, and memes. There is no huge technology, just a light mix that responds to Elon Musk's mood swings.
These trends indicate how crazy cryptocurrencies are when it comes to celebrities, according to sources. Tokens do not offer products or services. Pure noise makes or breaks it. Profile names generally collapse when they are switched off.
Traders at the peak of activity face significant risks. Regulatory authorities have warned about such pump-and-dump schemes. The noise of celebrities can obscure the real danger, they warn.