Elon Musk's new name change on platform X 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 frog coin
Recent reports suggest that Musk's changes on social media have previously impacted meme coins. Last December, he received the same title and an image of a gold-covered Pepe. That move led to a nearly 500% increase in KEKIUS in one day before prices fell back.
His fans consider every change a buy signal. They rush in when a new profile name appears. Many flee when the excitement settles.
Binance data shows that the token's value rose by 119% within 24 hours after Musk's decision. CoinMarketCap shows it peaked at 0.0502, up from 0.025 the day before. This is still far lower than its price when it debuted last year. Speculators pushed 0.25 for each KEKIUS token before the initial crash.
Kekias Maximus combines diverse elements. Players' language for laughter is 'kek'. It also relates to the Egyptian frog god that represents chaos. Maximus resembles a movie wrestler. The token uses Ethereum and Solana.
Creators were supposed to blend folklore, pop culture, and memes. No massive tech—just a lighthearted mix that responds to Elon Musk's mood swings.
These trends indicate how crazy cryptocurrencies can get when it comes to celebrities, according to sources. The tokens offer no products or services. Pure hype makes or breaks them. Profile names usually collapse upon return.
Traders at the peak of activity face significant risks. Regulatory bodies have warned against such pumps. Celebrity hype may obscure the real danger, they caution.