Kekius Maximus (KEKIUS), the meme-based cryptocurrency, surged nearly 100% following an X post by Elon Musk. The surge reflects the ongoing influence of Musk’s online activity on cryptocurrency markets.
On Thursday, Musk posted a picture of his D.O.G.E office on X; on the wall is a painting of the famous frog-themed meme coin, Kekius Maximus. Following the post, the price of KEKIUS responded immediately, climbing by 75% from $0.015 to a peak of $0.026 within hours.
Trading volume surged alongside the price increase, rising from $6.2 million to $14 million—a proof of increased interest from investors and speculative activity.
KEKIUS Holds Gains Following Volatility Concerns
As of Friday, KEKIUS has retained most of its gains, trading at approximately $0.027—a 1.67% increase in the past 24 hours and nearly 95.01% higher over the past week.
The price action validates the strong impact that Musk’s web activity has on cryptocurrency prices.
Market analysts caution that while such influencer-fueled rallies may generate fast money, they tend to be short-lived. Investors need to exercise caution as the volatility surrounding meme tokens like KEKIUS can lead to steep market reversions.
Whether KEKIUS’s current levels are sustainable in the long run remains uncertain and relies on general market forces and persistent investor demand.
Elon Musk’s engagement with meme culture and cryptocurrencies continues to be a key force behind market activity. His recent post not only reveals his authority but also shows the convergence of internet culture and financial markets on the rise.