Kekius Maximus (KEKIUS), the meme coin born out of Elon Musk’s new online identity, is up 217% in the last 24 hours and 2158% in the week.
The token is one of a number of Pepe the toad-themed cryptocurrencies that have rebounded, with Wall Street Pepe being another top gainer.
Who is Kekius Maximus?
Simply put, Kekius Maximus is Elon Musk’s new alter-ego. This marks his latest attempt at internet trolling.
Musk changed his name to X to “Kekius Maximus,” which appears to combine the word “kek” — an Internet term similar to LOL, or laugh out loud — with “Maximus Decimus Meridius” — the name of a Roman gladiator from the 2000 hit movie Gladiator.
At the same time, he changed his profile picture to Pepe the Frog dressed as a Roman gladiator.
The business mogul did not explain where he got the idea from, adding to the speculation and mystery. Not surprisingly, many people took this as a nod to the Pepe coin.
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Musk made the move on Tuesday, causing the price of Pepe to rise 51% from its December low. However, it was not Pepe who achieved the greatest success.
That’s because Musk first announced Kekius Maximus earlier in December, and quick-witted developers took notice. As such, the team launched an Ethereum-based meme coin called Kekius Maximus on December 15th.
It got off to a slow start as Musk seemed to forget about the Roman-themed Pepe. However, that changed at the end of the game in December, after he rebranded his profile. The price of $KEKIUS exploded.
According to CoinGeck, Kekius Maximus is trading at $0.3556, up 217% today and up 2.158% this week. It has a market capitalization of $361 million and a 24-hour trading volume of $199 million.
65% of the total trading volume took place on Uniswap, and 22% on the centralized MEXC exchange. The token will soon be listed on LBank.
Analysts have mixed opinions about $KEKIUS
According to one analyst, the Kekius Maximus bull rally may not be over yet. Before things start to settle down, the trader using Mirage is targeting a market cap of $1 billion.
He pointed to the success of Peanut the Squirrel, another meme coin subtly promoted by Elon. PEANUT peaked at a market cap of $1.8 billion earlier in December.
However, there is a big elephant in the room: what will happen if Musk reverts to his old profile picture? Analyst Viktor weighed in, saying it was “guaranteed” Musk would change his profile picture and suggested the meme coin might not survive.
He compared this to Dark MAGA, the token that spiked after Elon changed his profile picture in July. As the chart below shows, Dark MAGA crashed after Musk changed his profile picture.
Peanut the Squirrel also crashed after Elon’s effect wore off.
There is certainly potential for Kekius Maximus to continue growing, but traders must remember that even Elon Musk’s sphere of influence has a limit.
Could Wall Street Pepe be a long-term alternative?
While the future of Kekius Maximus depends on Elon Musk keeping his profile picture on X, a new meme coin has emerged with real power.
It’s called Wall Street Pepe, and smart money traders are pouring in amid the recent Pepe-centric surge.
Unlike other Pepe alternatives, Wall Street Pepe isn’t just a hype rider; creates real value. Behind its Pepe coin and Jordan Belfort-esque artwork, Wall Street Pepe offers a robust trading ecosystem. It’s for the “pick wealth” meme coin fanatics.
The project offers trading signals, meme coin picks, insider trading group, stake and trading rewards. All you need to do to access these features is hold a $WEPE token.
It creates a utility demand stream that separates Wall Street Pepe from other Pepe alternatives, but still benefits from the same viral appeal.
It is in pre-sale where it collected 39 million dollars in one month.
Smart money trader ClayBro recently told his 134,000 YouTube subscribers that he is continuing to raise $WEPE as the presale progresses.
[…] Uniswap is the biggest player on the DEX market. According to DefiLlama, the trading volume recorded for the month ending December 2024 is $106 billion, which translates to a total DEX trading volume of $462 billion for that month. Uniswap’s coin, UNI, whose price for some reason rose by 6%, making it $14 a piece on January 2nd. However, it is still far from its 2021 high of $44.92. […]