On New Year’s Eve, Elon Musk struck again.

The billionaire entrepreneur and frequent social media provocateur once again shook up the cryptocurrency market, changing his X (formerly Twitter) profile name to “Kekius Maximus” and swapping his avatar to an armored depiction of Pepe the Frog.

His shout-out to Pepe, a beloved figure in meme culture, sent shockwaves through the memecoin market. Overnight, Musk’s tweet achieved:

• The birth of a new memecoin, Kekius Maximus
• A 20% price surge for $PEPE
• Revived interest in frog-themed memecoins like Wall Street Pepe

With a simple profile picture, Musk demonstrated that he remains the lord of the memes, from Doge to Pepe the Frog and now Kekius Maximus.

The Market Impact of Musk’s Move

Musk’s profile update triggered the birth and meteoric rise of Kekius Maximus (KEKIUS), a meme token inspired by his new persona. 

KEKIUS saw a staggering 1,200% price increase and a trading volume of over $5M in just 24 hours. 

Meanwhile, Pepe Coin (PEPE), another token tied to the iconic frog meme, experienced its own spike, up 3.4% in the past week.

Memes Make Money, Resonate With Community

Pepe the Frog, originally created by artist Matt Furie, has transcended its roots in internet meme culture to become a symbol of the ever-evolving relationship between digital culture and financial markets. 

Musk remains eager to engage with this imagery, highlighting the power of meme culture on the crypto market.

Just a few moves – like changing a profile pic – show how meme culture can shape real-world economic phenomena. 

Musk’s actions underscore the power of celebrity endorsements and social media in influencing investor be

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Author: Aaron Walker