Musk's 'rare move' causes market turbulence, meme coin big pump followed by a sudden fall

On December 31, 2024, billionaire Musk made a move on Twitter that caused a market frenzy. He changed his Twitter profile picture to the image of the frog PEPE and changed his nickname to Kekius Maximus, along with posting related meme posts. This operation sparked a strong reaction in the market, directly causing the KEK (KEKE) meme coin to have a big pump, and the price once reached 0.07362 US dollars, but he later changed it back to its original appearance, and related concept coins all quickly fell.

Event Review: Musk's 'Frog Avatar':

Musk's Twitter avatar has changed to a frog PEPE wearing Roman military uniform, and he attached what appears to be a game console. Subsequently, he posted a tweet with the frog PEPE meme and wrote, 'Brothers in Arms,' attracting 46.7 million views.

Meme coin big pump and sudden fall:

With the release of Musk's 'meme' move, the price of the KEK token quickly rose, reaching a high of 0.07362 USD. However, after he restored his avatar and nickname to their original appearance, the prices of related concept coins also quickly fell.

PEPE coin also fell after a big pump:

The PEPE token also saw a big pump after Musk's move, but then fell back, and the bulls gave up ground.
Why did Musk do this? The meaning of Kekius Maximus:

"Kekius" is the Latinized version of "Kek", derived from the abbreviation "LOL" (laugh out loud) commonly used by gamers. However, in recent years, this word has become associated with the online culture of far-right groups. "Kek" itself is also associated with the dark Egyptian god and is typically depicted as a frog-headed figure.

Network speculation:

Elon Musk's renaming operation has led to various speculations. Some internet detectives believe that this may imply some information, especially in terms of potential connections to far-right groups. Some also believe that Musk's move is just for entertainment, or to shake up the cryptocurrency market again through social media platforms.

The impact of Musk on the market:

Elon Musk has repeatedly influenced the cryptocurrency market through social media comments in the past, especially the price fluctuations of assets such as Bitcoin, Dogecoin, and others. Although Musk did not explicitly indicate participation in the KEK or PEPE token operation this time, his influence is obviously significant, and any similar move will trigger a strong market reaction.

It is worth noting that Musk's move also sounded an alarm for investors: the price of meme coins fluctuates greatly, and assets lacking fundamental support may experience drastic fluctuations in the short term. Investors should remain vigilant.

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The market sentiment analysis and trend prediction provided by Mlion.ai can help investors quickly identify market hotspots, especially in the case of significant fluctuations in meme coins and other short-term investment tools, helping investors find potential opportunities.
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How should mlion.ai investors deal with the risks of meme coins? For the majority of investors, actions like Musk's undoubtedly serve as a reminder: market sentiment is highly influenced by social media and online behavior. Therefore, when investing in meme coins or other highly volatile assets, one should exercise extreme caution:

Deep dive into the project: Avoid blindly following speculation, investors should try to understand the fundamentals, team, and technology behind the project as much as possible.
Be wary of market manipulation risks: influential figures on social media may cause excessive market reactions. It is recommended to make rational decisions and avoid being misled by short-term price fluctuations.
Diversified Investment: Avoid putting all funds into high-risk, high-volatility assets. Diversified investment can effectively reduce risk.

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The above content is for information sharing only and does not constitute any investment advice! #PEPE #Mlion.ai #ML SWAP #迷因币