Elon Musk, formerly known as X, Kekius Maximus, PEPE related meme coin big dump

Last December, Musk changed his Twitter account name to ‘Kekius Maximus’ for the first time and changed his profile picture to Pepe, which led to a big pump in related meme coins. However, as he changed his account name back to Elon Musk today and changed his profile picture back to his personal photo, related tokens have fallen. Kekius Maximus (KEKIUS) on the Ether chain on-chain $KEKIUS (Address: 0x26e550ac11b26f78a04489d5f20f24e3559f7dd9) had a big pump of over 3,500% in the past two days, reaching a high of $0.4 and a market capitalization of over $398 million. However, after Musk changed back to his original account name, the market capitalization has evaporated by more than $300 million, and it is currently reported at $0.09679, falling more than 45% in the past 24 hours. Source: Dexscreener Kekius Maximus (KM) on the Solana on-chain $KM Token (Address: HuAncxDEsakCDgZS2Yfo9xJbHmtHXMnxxkT9jqdXnHhm) had a big pump of over 100 times on December 31, reaching a historical high of $0.05174 and a market capitalization of over $51.73 million. But in the past 24 hours, it has dumped by nearly 80%, and at the time of writing, it is reported at only about $3.83 million. Source: Dexscreener $PEPE had a big pump of nearly 20% in the past two days and rose to $0.00002126 on New Year’s Day. It is currently reported at $0.0000196, falling 4% in the past 24 hours, with a relatively smaller fall. Source: CoinGecko Musk’s recent Twitter operations have sparked a frenzy among the meme coin community, and related meme coins have gained considerable gains, but the motion reminds investors that meme coins have high volatility and may fall back with just one new post or name change by Musk. There have also been many meme coin hype related to Musk recently. Investors need to pay attention to the risks of related meme coins, protect their principal, do their own research, and avoid rug eyewash. Related reports: Vitalik Buterin praised the ‘X platform community notes’ but was accused of being manipulated! Musk: It is decentralized and Open Source, and I cannot control it. Will SBF be pardoned by Biden soon? Musk: very likely to happen, FTT once rose 20% Review of encryption madness in 2024: Kid earns a fortune from meme coins, Ko Wen-je is accused of hiding 1,500 BTC, what are the demon moments in the past year? 2024 celebrity meme coins: collective rollover becomes the annual joke? ‘Musk changes his name back to Elon Musk, Kekius Maximus, PEPE related meme coins big dump’ This article was first published on BlockTempo, the most influential blockchain news media in the motion.