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The Daily Hodl 2025-01-01 19:05:32

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 business magnate, who will soon be President-elect Donald Trump’s head of the “Department of Government Efficiency” DOGE, was once accused of manipulating the price of DOGE via a pump-and-dump scheme. However, that lawsuit was dropped last November. The judge in the case ruled that Musk’s previous comments toward Dogecoin – which included him saying that it might become the standard for a global financial system and the currency of the internet – were “aspirational and puffery, not factual and susceptible to being falsified,” and thus could not be the basis for a lawsuit. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Frog-Themed Altcoin Explodes 32,420% After Elon Musk Suddenly Changes X Username appeared first on The Daily Hodl .