January 2, 2025
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.
