Elon Musk’s Twitter Name Change Triggers Wild Memecoin Swings
The Tesla CEO’s brief adoption of 'Kekius Maximus' caused the Ethereum-based token to skyrocket before crashing after Musk reverted his profile amid a Cybertruck explosion investigation.
- Elon Musk temporarily changed his Twitter name and profile picture to 'Kekius Maximus,' referencing a meme-inspired cryptocurrency, leading to a dramatic 3,000% price surge for the token.
- The Ethereum-based token, Kekius Maximus, reached a market cap of nearly $400 million before plummeting 83% after Musk reverted his profile and name.
- The name change occurred shortly before Musk addressed a Tesla Cybertruck explosion outside the Trump Hotel in Las Vegas, which law enforcement is investigating as a possible act of terror.
- The Cybertruck explosion killed the driver and injured seven bystanders; Musk clarified the blast was caused by fireworks or a bomb in the truck bed, not the vehicle itself.
- Musk’s involvement with meme coins continues to influence volatile market trends, echoing his previous impact on Dogecoin and other cryptocurrencies.
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Hindustan Times 
