Elon Musk has moved on from his “DogeFather” persona, recently changing his X profile name to Kekius Maximus and his profile picture to Pepe, triggering a massive surge for memecoins $PEPE and $KM tokens.
According to The Data Nerd monitoring service, after Musk updated his profile to “Kekius Maximus,” the price of the KM token immediately skyrocketed by 100 times.
Elon Musk’s Indirect Nudge to KM Token Leads the Surge
Following Musk’s profile name change, the Solana-based meme coin Kekius M (KM) surged over 12,600%, with its market cap briefly exceeding $45 million and its price reaching $0.032. As of now, the KM token is trading at $0.04096, marking a staggering 14,400% increase. Its 24-hour market volume stands at around $80 million.
The excitement surrounding KM extended to traders. One address, starting with 7GyQ8, swapped 27 SOL (worth about $5,200) for 18.1 million KM tokens, an investment that is now valued at approximately $741,000.
Elon Musk’s Tease Drives PEPE to Surge
Additionally, Musk’s previous profile picture change to Pepe caused a short-term surge of 8% for PEPE, pushing its price above $0.000019. It is currently trading at $0.00001868, reflecting a 1.61% gain in the past 24 hours as PEPE flipped from a decline to a rally, thanks to Musk’s influence. However, at present, Elon Musk’s profile picture features Kekius Maximus.
Elon Musk has been in the spotlight for a lawsuit alleging his involvement in pumping the price of the popular memecoin DOGE. While the claimant lost the case since Musk never openly endorsed DOGE, the tech tycoon has continued to drop subtle hints of his affinity for the token. Musk’s playful tease with DOGE extended to President Trump naming him co-head of the Department of Government Efficiency (DOGE), a name Musk himself proposed.
Musk’s indirect nudges toward any crypto token often create ripples across the market, influencing traders to invest. Even the dead-squirrel-themed Solana token $PNUT experienced a surge owing to his tweet. With his recent gestures toward KM and PEPE, the resulting market surge was almost inevitable.
Also Read: Dogecoin Whales Buy 90M+ DOGE: Altcoin Season Ahead?
