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When Elon Musk changed the name of his X profile to Kekius Maximus recently, it helped a lucky trader turn $66 into $3 million trading the meme coin.
The trader purchased 10.17 million of KEKIUS on December 14. Eighteen days later, the trader sold 2.81 million of the tokens for 60.3 Ether, resulting in a massive 45,900x gain, Lookonchain posted on X:
Turned $66 into $3.05M in just 18 days, a 45,906x return!
This trader spent 0.017 $ETH($66) to buy 10.17M $KEKIUS and sold 2.81M $KEKIUS for 60.3 $ETH($201K), leaving 7.37M $KEKIUS($2.85M).
The total profit is $3.05M.https://t.co/gx6E6yFQcz pic.twitter.com/rFrsNjCqvt
— Lookonchain (@lookonchain) January 1, 2025
The KEKIUS meme coin was launched on December 13, accumulating a market cap of $11.4 million by December 31. When Musk changed his profile name and photo on X to “Kekius Maximus,” referencing a Pepe-Gladiator meme, the token went parabolic, hitting a $380 million market cap on January 1, according to CoinGeko.
Brothers in Arms pic.twitter.com/vIZ8ADrXbo
— Elon Musk (@elonmusk) December 31, 2024
Kekius Maximus (KEKIUS) is a combination of the internet meme Pepe the Frog and Maximus Decimus Meridius, the protagonist of the 2000 film Gladiator.
Elon Musk also published an AI-generated image of Pepe the Frog preparing for the battle in the ancient Colosseum in Rome. One of the AI posts with Pepe the Frog got 48.2 million views on X, helping drive the KEKIUS meme coin rally even higher.
Frog-Themed Meme Coins Benefit
Other frog-themed meme coins also were boosted by the hype around the development, with new presale Wall Street Pepe (WEPE) among the beneficiaries. WEPE is a blockbuster presale that’s raised almost $40 million in record time as traders buy into the idea of a platform that offers professional market trading advice to help them beat secretive whale investors.
Another gainer was Pepe Unchained (PEPU), the standout meme coin presale of 2024 after it raised $74 million before exploding on launch.
Elon Musk Changes Moniker Back
However, after Musk changed his name back to its original moniker today, Jan. 2, Kekius Maximus saw its market cap plunge to $128 million.
This hasn’t stopped many investors from continuing to hold their tokens. Over 23,600 investors still hold KEKIUS tokens, according to CoinGecko.
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