In a surprising turn of events, a trader turned a $66 investment into over $3 million, all thanks to Elon Musk. The story began when Musk changed his profile name on the social media platform X (formerly Twitter) to “Kekius Maximus,” sparking a frenzy around a meme coin of the same name.
According to CoinTelegraph, on December 14, the trader purchased 10.17 million tokens of the cryptocurrency KEKIUS for just $66. By January 1, they sold 2.81 million tokens for 60.3 Ethereum, keeping the remainder. Data from Lookonchain reveals that this transaction multiplied their initial investment by an astonishing 45,900 times.
3 Million Windfall for a Trader Thanks to Elon Musk
The Kekius Maximus token draws inspiration from a combination of the popular Pepe meme and the character Maximus Decimus Meridius, the protagonist of the film Gladiator. Created on December 13, the token’s market capitalization skyrocketed to $11.4 million by December 31 and reached a peak of $380 million on January 1.
This meteoric rise was fueled by Elon Musk sharing an image resembling the token on X. One of his posts amassed over 48.2 million views, significantly boosting the token’s value. However, after Musk reverted his profile name and image, KEKIUS’s price began to decline, with its market cap falling to $100.5 million. Nonetheless, data from CoinGecko indicates that over 23,600 investors continue to hold the token.
In a parallel development, several meme coins related to Kekius Maximus were launched on the Solana blockchain. Despite their association with the viral phenomenon, data from DEXScreener shows that these tokens failed to capture traders’ interest effectively.
The story of Kekius Maximus serves as a testament to the unpredictable power of social media and the influence of figures like Elon Musk in the volatile world of cryptocurrency.
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