KEKIUS And PEPE Plummet After Elon Musk Updates His Profile
The Kekius Maximus (KEKIUS) meme coin saw a sharp decline this week following Elon Musk going back to his original profile avatar on X (Twitter).
Getting Back On Track
The Solana-based meme coin had been enjoying a significant rally leading up to Wednesday afternoon, briefly peaking at $0.0057. However, the coin suddenly plummeted by an astonishing 90% within just 10 minutes after Musk went back to his original profile avatar.
Despite the drastic crash, KEKIUS still managed to show impressive gains, surging by 232% in the past day. This continued momentum helped it maintain some positive ground despite the steep drop. The trading volume of Kekius Maximus also exploded by 1310%, reaching a massive $9.9 million over the last 24 hours.
PEPE Suffers
As KEKIUS was crashing, PEPE also saw a decline, dropping 2.70% over the past 24 hours and wiping out some of its recent gains. The dramatic price swings came after Musk updated his X profile, which had previously been changed to Kekius Maximus.
Unexpectedly, the Tesla CEO swapped his profile picture to feature Pepe the Frog styled as Maximus, a character in the iconic film Gladiator. Regardless, the sharp fluctuations underscored the inherent risk and unpredictable nature of meme coins.
Top News
42 months ago
42 months ago
42 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
44 months ago
44 months ago
44 months ago
24250 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.