Meme cash named after “Kekius Maximus” surged late Sunday night time after tech mogul Elon Musk talked about it in an X publish.
What occurred: Ethereum ETH/USD-based Kekius Maximus (KEKIUS) jumped 10% in a matter of minutes after Musk’s publish, in accordance to CoinMarketCap. The coin’s market valuation hit $32.97 million, reflecting a 1.07% spike within the 24-hour interval.
One other similarly-named coin, KEKIUS, based mostly on Solana SOL/USD however with a significantly smaller valuation, rose 9.5% for the reason that publish.
The rally comes after Musk posted a clip from what gave the impression to be the online game “Path of Exile.”
“Kekius Maximus pit degree 117, hardcore rank 1,” Musk wrote, displaying a personality named Kekius Maximus in fight.
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Why It Issues: Kekius Maximus—a mix of “Pepe the Frog” and “Maximus Decimus Meridius,” the enduring character from the film Gladiator—shot to prominence after Musk used it as his X profile title on New 12 months’s Eve 2024.
Since then, the coin has skilled transient bursts of dramatic development, aided by Musk’s social media exercise. Final month, Musk modified his X profile title to Kekius Maximus and up to date his profile image, depicting him as an historical warrior referred to as “Emperor Kekius Maximus.”
Benzinga Observe: Investing in meme cash is extremely speculative and includes vital danger. Meme cash typically lack intrinsic worth and are pushed by market sentiment, social media tendencies, and speculative buying and selling
Photograph Courtesy: Frederic Legrand – COMEO On Shutterstock.com
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