Elon Musk’s New Year’s Eve switch to the handle ‘Kekius Maximus’ – a nod to a previously obscure cryptocurrency – triggered an explosive 4,800% increase in the coin’s value, hitting a market cap of $380 million within hours.

Elon Musk bizarrely changed his X profile name to “Kekius Maximus” on Tuesday — sparking a flood of questions from supporters and critics alike.

Elon Musk sent shockwaves through the crypto market and social media when he changed his X profile name to “Kekius Maximus,” sparking speculation and a surge in activity among meme coin communities. The move caused an immediate ripple effect,