On New Year’s Eve, Elon Musk struck again.
The billionaire entrepreneur and frequent social media provocateur has shaken up the cryptocurrency market again by changing the name of his
His salute to Pepe, a popular figure in meme culture, sent shockwaves through the memecoin market. Musk’s tweet reached overnight:
- The birth of a new memecoin, Kekius Maximus
- A 20% price increase for $PEPE
- Resurrected interest in frog-themed memecoins like Wall Street Pepe
With a simple profile picture, Musk showed that he remains the master of memes, from Doge to Pepe the Frog to Kekius Maximus.
The market impact of Musk’s move
Musk’s profile update sparked the birth and meteoric rise of Kekius Maximus (KEKIUS), a meme token inspired by his new persona.
KEKIUS saw a stunning 1,200% price increase and over $5 million in trading volume in just 24 hours.
Meanwhile, Pepe Coin (PEPE), another token associated with the iconic frog meme, saw its own surge, rising 3.4% over the past week.
Make money with memes and gain traction in the community
Pepe the Frog, originally created by artist Matt Furie, has transcended his roots in internet meme culture to become a symbol of the ever-evolving relationship between digital culture and financial markets.
Musk remains committed to engaging with these images and highlighting the power of meme culture in the crypto market.
Just a few simple steps – like changing a profile picture – show how meme culture can shape real economic phenomena.
Musk’s actions underscore the power that celebrities and social media have in influencing investor behavior and market sentiment.
PEPE power, big WEPE moves?
There’s always one big question for Elon Musk: What’s next?
His name change to Kekius Maximus shows the appeal of frog-themed meme coins. $PEPE rose on Musk’s tweets, while $PEPU – Pepe Unchained – saw a surge in trading immediately after, with trading volume increasing by 16%.
Elon Musk’s playful take on meme culture continues to blur the lines between humor and finance, paving the way for other meme coins to make major strides.
Wall Street Pepe, $WEPE, looks set to continue its winning streak in frog-themed memes. The ongoing presale, expected to complete in early 2025, has already raised over $38 million.
A $1,000 investment in $PEPE in early March 2024 would have yielded nearly $2.2K by the end of the year. That’s a potential gain of 119.4% in nine months.
No investment is a sure thing; Make sure you do your own research and don’t take anyone’s word for it – not even Elon Musk’s.
But it’s worth asking: Is $WEPE poised to be the next big green winner?