Elon Musk changed his X account name, Kekius memecoin price dropped more than 50%

Just 48 hours after making the memecoin community stir with Kekius Maximus, billionaire Elon Musk changed his X account back to normal.

As reported on December 31, 2024, billionaire Elon Musk suddenly changed the information on his personal X (Twitter) account, taking the new name "Kekius Maximus" with a profile picture of a frog in the Pepe meme style.

It is known that "Kekius Maximus" is the name in Elon Musk's game "Path of Exile", the game that the Tesla boss has spent a lot of time climbing to the top of the rankings and has also been "making waves" among gamers over the past time.

Musk then continuously posted pictures of his new avatar, constantly mentioning the keyword Kekius.

Needless to say, the move by one of the richest people in the world was quickly picked up by the crypto community and memecoins were created. There are currently many versions of the Kekius Maximus memecoin, but the two most prominent are Kekius Maximus (KEKIUS) on Ethereum and Kekius Maximus (KM) on Solana.

Since Elon Musk's post on December 31, KEKIUS's capitalization has skyrocketed from $11.5 million to $380 million, while KM's capitalization also reached $17.8 million at one point.

However, by the morning of October 2, 2025, Elon Musk had updated his name and avatar X back to normal, possibly returning to a "serious attitude" when last night someone exploded a Tesla Cybertruck electric car in front of a hotel owned by Donald Trump in Las Vegas (USA).

For this reason, the price of memecoins following Kekius Maximus has dropped sharply in the past hours, dropping from 50 to 80% in value.

The dump of Kekius memecoins has caused many investors who bought these coins in the past to suffer heavy losses.

Elon Musk has long been famous for his ability to influence the cryptocurrency market through his social media posts, as summarized by Coin68. In the past, his company Tesla accepted and then canceled Bitcoin payments, then switched to favoring Dogecoin (DOGE). Elon Musk also directly led to the birth of memecoin Floki Inu (FLOKI) and Department of Government Efficiency (D.O.G.E).