Key Takeaways:
- A trader turned a $66 investment in KEKIUS memecoins into $3 million, realizing a 45,900x gain in just 18 days, thanks to Elon Musk’s name change on X.
- Musk’s brief stint as “Kekius Maximus,” alongside AI-generated Pepe Gladiator imagery, spiked KEKIUS’s market cap from $11.4M to $380M before dropping to $100.5M.
- Despite the crash, KEKIUS retains over 23,600 holders, though similar Solana-based tokens failed to replicate its success.
Elon Musk’s brief change to “Kekius Maximus” on X, inspired by a Pepe-Gladiator meme, turned a trader’s $66 investment in KEKIUS tokens into $3 million in just 18 days.
The trader initially purchased 10.17 million tokens on Dec. 14, selling part of the stake for 60.3 Ether (ETH) on Jan. 1.
Turned $66 into $3.05M in just 18 days, a 45,906x return!
— Lookonchain (@lookonchain) January 1, 2025
This trader spent 0.017 $ETH($66) to buy 10.17M $KEKIUS and sold 2.81M $KEKIUS for 60.3 $ETH($201K), leaving 7.37M $KEKIUS($2.85M).
The total profit is $3.05M.https://t.co/gx6E6yFQcz pic.twitter.com/rFrsNjCqvt
Created on Dec. 13, the KEKIUS memecoin combines Pepe the Frog with Maximus Decimus Meridius from Gladiator, surging after Musk adopted the meme.
The token’s market cap skyrocketed from $11.4 million on Dec. 31 to $380 million on Jan. 1, driven by Musk’s AI-generated images of a Pepe Gladiator in the Colosseum, one of which gained 48.2 million views.
Brothers in Arms pic.twitter.com/vIZ8ADrXbo
— Elon Musk (@elonmusk) December 31, 2024
However, the hype cooled when Musk reverted his profile, causing KEKIUS’s market cap to drop to $100.5 million—still a significant leap from its creation.
Over 23,600 investors continue to hold the token despite the decline.
Meanwhile, KEKIUS-themed coins on Solana failed to replicate the success, per DEXScreener data.
The event underscores Musk’s influence and the volatility of memecoin markets.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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