Some crypto investors have a grudge against Elon Musk. For what ? Because he has a knack for shaking up the markets with a simple tweet or a change of avatar. Dogecoin fans still remember his alleged manipulations that caused the cryptocurrency to rise and fall. Yet Musk continues to play spoilsport in the crypto-sphere. His last move? A nod to the gladiator Maximus, with a Pepe the Frog meme, which set social networks ablaze.
An avatar and a pseudonym: Elon Musk sets X ablaze
Elon Musk celebrated the New Year with panache: a change of pseudonym to “Kekius Maximus” on X, and an equally theatrical avatar: Pepe the Frog as a gladiator. No explanations, just effect.
Musk's 210 million subscribers didn't ask for that much. This nod to the hero of Gladiator and Pepe the Froga controversial figure, has sparked a wave of speculation. Was it a joke? A provocation? A reference to his excessive ego? Mystery.
This changeproduced from Mar-a-Lago where Musk spent the holidays with Donald Trump, proved once again that he remains a master in the art of digital staging. But beyond the fun, some saw it as yet another demonstration of his influence on the crowds.
When a meme explodes the crypto markets
In the wake of this change of pseudonym, a fever has gripped the world of crypto traders. The Kekius memecoin, born in general euphoria, has reached a capitalization of 400 million dollars…before collapsing to 2 million.
One unfortunate investor left $1.2 million there, while another turned 66 dollars in 3 million illustrating the market roller coaster:
- One lucky trader earned more than 45,000 times your stake;
- 23,600 token holders are still hoping for a miracle;
- Several altcoins linked to Kekius, launched on Solana, quickly foundered.
A quote from Musk would have summed it up well: “Chaos is a scale.»
His escapades prove that, despite the criticism, he remains an essential figure in the world of memecoins, whether with Dogecoin or new tokens like PEPE.
Furthermore, the Dogecoin saga marked a turning point in the relationship between Elon Musk and the crypto-sphere. Accused of market manipulation, the DogeFather emerges unscathed, reminding us that, for the moment, he remains untouchable.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
