Kekius Maximus (KEKIUS), a meme coin born from Elon Musk’s new online identity, has rallied in price by 217% in the past 24 hours and 2158% in a week.
The token is one of numerous Pepe the Frog-themed cryptocurrencies to rally, with Wall Street Pepe being another top gainer.
Who is Kekius Maximus?
Simply put, Kekius Maximus is Elon Musk’s new alter-ego. It marks his latest attempt at internet trolling.
Musk has changed his name on X to “Kekius Maximus,” which appears to merge the word “kek” – an internet expression similar to LOL or laughing out loud – with “Maximus Decimus Meridius” – the name of a Roman gladiator from the 2000 blockbuster movie Gladiator.
He simultaneously changed his profile image to Pepe the Frog sporting Roman gladiator attire.
The business mogul did not explain where he came up with this idea, adding to speculation and mystery. Unsurprisingly, many people took it as a wink at the Pepe coin.
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https://twitter.com/elonmusk/status/1874199431643619474
Musk made the move on Tuesday, causing the Pepe price to rally 51% off its December lows. However, it wasn’t Pepe that scored the biggest gains.
This is because Musk first posted about Kekius Maximus earlier in December, and quick-footed devs noticed. As such, a team launched an Ethereum-based meme coin called Kekius Maximus on 15 December.
It got off to a slow start since it seemed Musk had forgotten about the Roman-themed Pepe. However, this changed at the end-of-play in December, once he rebranded his profile. The $KEKIUS price exploded.
According to CoinGecko data, Kekius Maximus is trading at $0.3556, up 217% today and 2,158% this week. It holds a market cap of $361 million and a 24-hour trading volume of $199 million.
65% of the total trading volume has occurred on Uniswap and 22% on centralized exchange MEXC. The token is going to list on LBank soon.
Analysts Have Mixed Feelings on $KEKIUS
According to one analyst, the Kekius Maximus bull rally may not be over yet. Before things begin to cool down, a trader who goes by Mirage targets a $1 billion market cap.
He pointed to Peanut the Squirrel’s success, another meme coin subtly touted by Elon. PEANUT peaked at a $1.8 billion market cap earlier in December.
https://twitter.com/dontstopmirage/status/1874457853957988616
However, there’s a big elephant in the room: what happens if Musk reverts to his old profile image? Analyst Viktor addressed this, saying it’s “guaranteed” that Musk will change his profile image and suggests that the meme coin may not survive.
He compared this to Dark MAGA, a token that soared after Elon changed his profile picture in July. As the chart below shows, Dark MAGA crashed after Musk changed back his profile image.
https://twitter.com/thedefivillain/status/1874430859723633078
Peanut the Squirrel also crashed after the Elon effect wore off.
There is certainly potential for Kekius Maximus to continue rising, but traders must remember that even Elon Musk’s sphere of influence has a limit.
Could Wall Street Pepe be a Long-Term Alternative?
While Kekius Maximus’ future depends on Elon Musk holding his profile image on X, a new meme coin has emerged with real staying power.
It’s called Wall Street Pepe, and smart money traders are pouring in amidst the recent Pepe-centered rally.
Unlike other Pepe alternatives, Wall Street Pepe is not just riding the hype; it’s creating real value. Behind its Pepe coin and Jordan Belfort-esque artwork, Wall Street Pepe offers a robust trading ecosystem. It’s aimed at meme coin fanatics who “choose rich.”
The project offers trading signals, meme coin picks, an insider trading group, staking, and trading rewards. All you need to do to access these features is hold the $WEPE token.
It creates a utility demand stream that separates Wall Street Pepe from other Pepe alternatives, yet it still benefits from the same viral allure.
It’s undergoing a presale where it has raised $39 million in one month.
Smart money trader ClayBro recently told his 134K YouTube subscribers that he continues accumulating $WEPE as the presale advances.
But right now is the best time to buy. The presale price will increase throughout the ICO, with the next uptick in three days.
