Elon Musk provoked a sharp rise in the Kekius Maximus memo token

Editor’s note: not investment advice!

The meme cryptocurrency, named after «Kekius Maximus,» went live on Sunday evening, June 1. This happened after Elon Musk mentioned the virtual assets in a post on X. In particular, the Ethereum-based Kekius Maximus (KEKIUS) coin ETH $2,544.33 Bridged Ether (StarkGate) -0.53% Market capitalization $0.15 billion VOL. 24 hours $1.27 billion grew by 10% just a few minutes after Musk’s post. In total, the market capitalization of this asset reached $ 32.97 million, which means an increase of 1.07% in 24 hours.

Another coin with the same name, listed on the Solana platform SOL $147.37 Binance-Peg SOL -1.48% Market capitalization $0.16 billion VOL. 24 hours $0.41 billion , also rose by 9.5% immediately after the post. The video that accompanied Musk’s post was probably a fragment of the Path of Exile game. «Kekius Maximus pit level 117, hardcore rank 1,» he wrote, showing a character named Kekius Maximus in battle.

The name Kekius Maximus was created as a combination of Pepe the Frog and Maximus Decimus Meridius, the character in the movie Gladiator. It first appeared on Musk’s account on X ot e 2024 hjws, when he changed his profile name, triggering a surge in the meme coin’s popularity.

Since then, Kekius Maximus has seen a sharp rise in price several times, largely due to Musk’s social media activity. In May, he updated his avatar to depict himself as the emperor Kekius Maximus, which also spurred trading.

At the same time, experts remind that investments in meme coins remain very risky due to the lack of fundamental value of such assets. Their dynamics mostly depend on social media trends and speculative trading.

The No Worries editorial team strongly DOES NOT RECOMMEND readers to invest their own funds in dubious cryptocurrency projects and little-known digital assets!