Meme Coin Kekius Maximus rises 120% After Elon Musk Changed Name on X, But Hides Many Risks

A little-known meme coin named Kekius Maximus (KEKIUS) witnessed a staggering bullish surge last Friday, with prices rising over 120% in just a few hours. This explosion occurred right after Elon Musk renamed his X account (formerly known as Twitter) to "Kekius Maximus" and changed his profile picture to an AI-generated image, where he transformed into a Roman warrior. The craze from social media Although Elon Musk has never mentioned or been directly related to this coin, history has shown that his seemingly accidental moves on social media can quickly create waves of emotional investment, especially in the cryptocurrency speculation community. To date, Musk has repeatedly caused the prices of meme coins like Dogecoin to fluctuate dramatically with just a tweet or a small change in his profile. This time, the Kekius Maximus coin – inspired by the meme "Pepe the Frog" and the character Maximus from the movie Gladiator – has made a strong comeback thanks to Musk's name change event. Data from CoinGecko shows that the price of KEKIUS has risen to $0.06, the highest level in 4 months, although it is still far from the old peak of $0.4011 set in January – which was also when Musk made a similar move. Price is bullish, but the risks are increasing as well. Although the current growth level has brought KEKIUS's market capitalization to about 57 million USD, this figure is still much lower than the previous peak of 181 million USD. It is noteworthy that the main driving force behind this increase does not come from the project's intrinsic development, but largely from the FOMO (Fear of Missing Out) effect following Musk's move. Analysts warn that meme-like pump events such as this are often unsustainable, and prices can quickly plummet when the wave of attention subsides. This is also a time when scam projects take advantage to steal investors' assets. Scam alert disguised as KEKIUS Some experts in the cryptocurrency field have discovered the project labeled Kekius Maximus with a smart contract address "CA 6m51rC2jRZkrtQkNNP4sXrSTE6Yq76F9huA8MYRtpump", where the development team holds up to 99% of the total token supply – a highly alarming sign. "$KEKIUS (CA 6m...) is a clear scam, don't buy this garbage... they hold 99% of the total supply," a analyst warned. The pump & dump situation ( has been very common in the cryptocurrency market, especially with meme coins that have no real application value. When a small group controls a large portion of the tokens, they can easily manipulate the market and sell off when the price rises, causing significant losses for retail investors. Conclusion The event related to Kekius Maximus and Elon Musk once again demonstrates the significant influence of famous figures on the cryptocurrency market, especially with meme coins. However, caution remains essential for investors, particularly in the context of many scam projects taking advantage of attention for profit. If you are considering investing in KEKIUS or any other meme coin, make sure to thoroughly research the information, check the smart contract, and be wary of suspicious signs to avoid becoming a victim of the "pump and dump" schemes that are very common in the crypto world.