Elon Musk Changes Twitter Name, Drives Meme Coin Surge – Coincu

Elon Musk, CEO of X, formerly known as Twitter, changed his display name to “Kekius Maximus” on the platform on May 17, 2025. This action marked the second instance of such a name shift.

The event underscores Musk’s influence on cryptocurrency markets, triggering a surge in the Kekius Maximus (KEKIUS) token value by over 100% within 24 hours.

Musk’s Name Change Doubles KEKIUS Value in 24 Hours

Elon Musk’s unexpected name change to “Kekius Maximus” on the X platform reintroduces the meme persona that triggered substantial market activity. His last name alteration to “Kekius Maximus” in 2024 led to significant meme coin value increases. Currently, Musk’s profile features armor with the title “Emperor Kekius Maximus.”

Cryptocurrency markets reacted swiftly, with the KEKIUS token on Ethereum experiencing a surge exceeding 100% just hours after Musk’s profile update. This highlights the direct correlation between Musk’s social actions and market performance, spurring temporary hectic trading activities.

Community responses are varied, with some embracing the meme coin boon, while others express caution due to volatility concerns. A ChainCatcher notice emphasizes the necessity for investors to approach blockchain investments carefully, considering the speculative nature of meme-driven tokens.

ChainCatcher, Crypto News Source, – ‘View blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations.’

Volatility and Influence: Musk’s Ongoing Crypto Impact

Did you know? Elon Musk’s influence previously led to a 900% increase in the KEKIUS token in December 2024. This pattern indicates the volatile yet significant impact of high-profile personalities on meme-based cryptocurrencies.

CoinMarketCap data shows the current price of Kekius Maximus (KEKIUS) at $0.06, driven by Musk’s name change. The token’s market cap stands at approximately 55,489,141 million, with an impressive 24-hour trading volume increase of 1059.78%. This surge reflects a 105.07% rise in the past 24 hours alone, showcasing the high volatility linked to social media anomalies.

Coincu research analysts highlight the speculative potential of meme coins like KEKIUS. The team’s observations affirm that while Musk’s actions can lead to immediate fluctuations, the long-term viability of such cryptocurrencies relies on broader market forces and regulatory dynamics.