Frog-Themed Altcoin Explodes 32,420% After Elon Musk Suddenly Changes X Username
A frog-themed memecoin is up massively after billionaire Elon Musk changed his username on the social media platform X. According to Musk’s X profile, his name has been changed to “Kekius Maximus,” a vague reference to the frog-headed Egyptian god Kek, whose name has been used to convey laughter by gamers and internet users. Kek has also been associated with Pepe the Frog, a cartoon character who inspired the $8.1 billion market cap memecoin PEPE. The Tesla CEO’s abrupt name change led to a staggering surge for Kekius Maximus (KEKIUS), an Ethereum-based frog-themed altcoin, which skyrocketed by over 32,000%, going from $0.00123 on December 30 to a peak of $0.40 on January 1st. The meme asset has since retraced and is trading for $0.264 at time of writing while its market cap burgeoned to over $250 million. Musk – a longtime proponent of meme assets such as Dogecoin (DOGE) – did not specify a reason for changing his handle on X. The busin...