Elon Musk’s recent alterations to his social media platform X profile have led to a significant decline in the value of an Ethereum $3,471-based memecoin called Kekius Maximus (KEKIUS). On the first day of the new year, Musk reverted his profile name and image, changing it back to “Kekius Maximus.” Following this shift, the price of the altcoin quickly plummeted.
Stark Decline from All-Time Highs
Before Musk’s profile name change, the Kekius Maximus memecoin experienced a substantial rise. Launched on December 14, KEKIUS saw its value soar over 30 times after Musk renamed his X account to “Kekius Maximus.”
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