Elon Musk’s choice to briefly change his profile identify on X to “Kekius Maximus” led to a shocking achieve for a cryptocurrency dealer, who made a fortune of round $3 million in simply 18 days.
The dealer who invested in Kekius Maximus (KEKIUS) on December 14 bought over 10 million tokens for simply $66 value of Ethereum
$3,615.85
.
By January 1, they bought a portion of their holdings for 60.3 Ethereum, equal to roughly $93,000 on the time, whereas preserving the remainder.
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Blockchain analytics agency Lookonchain estimated the full worth of the dealer’s remaining tokens to be $3.05 million, which is 45,900 occasions the preliminary funding.
The rise of the memecoin, KEKIUS, coincided with Musk’s identify change and social media exercise. Musk shared AI-generated photographs of “Pepe
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the Frog” as a gladiator within the Roman Colosseum. Certainly one of his posts garnered over 50 million views.
By New Yr’s Eve, KEKIUS had reached a market worth of $11.4 million. Following Musk’s profile change, its market cap skyrocketed to $380 million on January 1.
Nevertheless, after Musk reverted his identify and profile image, the memecoin dropped and settled at $100.5 million. Regardless of this decline, over 23,600 buyers nonetheless maintain KEKIUS tokens.
Musk’s temporary identify change on X is just not the one one which has sparked buzz. Just lately, Vitalik Buterin criticized Musk’s strategy to debates on X. What did Buterin say? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for all the pieces and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish newbies.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market developments, and searching for the subsequent supernova.
