A new year, a new Elon Musk memecoin (which rises 2,000% in a day)

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Last Updated on 2 January 2025 by CryptoTips.eu

Elon Musk, the world’s richest man, in the past used to do strange things which effected the crypto market. However, ever since some disgruntled Dogecoin investors filed a lawsuit against him in 2022 (which was settled only two months ago), we thought his posts about crypto would be severely restricted. Not really. He’s just using a different method.

On the first day of the year, Elon Musk changed his alias on X (formerly Twitter) to Kekius Maximus (a reference to the cartoon character ‘Pepe the frog’). Memecoins such as the existing ‘Pepe’ and the new ‘Kekius Maximus’ performed very well. Even Dogecoin received a temporary boost.

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Maximus

Elon was clearly bored during the last days of 2024. He posted hundreds of times about the pros and cons of immigration into the United States, showed pictures of his favorite furry animals and bragged about the size of his rocket (yes, really). On New Year’s Eve he changed his username and profile photo on his own social media platform X into a ‘Pepe the frog‘ meme (originally very popular with supporters of the far right).

Musk’s new alias became Kekius Maximus, a meme that combines ‘Pepe the Frog’ with the character of Maximus Decimus Meridius, played by Russell Crowe in the original Gladiator film.

The ‘Kekius Maximus’ memecoin immediately rose like a rocket, by as much as 2,000% in just a day. Musk might thus get accused of manipulating the price of memecoins again.

After settling the Dogecoin manipulation lawsuit in November, he announced that he would lead a ministry of efficiency in the new Trump administration in 2025, called the ‘Department of Government Efficiency’, or DOGE. The irony was quite clear.

It is clear that also in 2025, Elon Musk’s posts will continue to influence crypto prices.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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