Elon Musk Changes His X Avatar to One Centered on the Fictional Character "Kekius Maximus," Sending Related Cryptocurrencies Soaring

Solana SOL/USD-based Kekius Maximus soared 7% in the last 24 hours to a market capitalization of $1.8 million, according to CoinMarketCap.

Pepe and cryptocurrencies linked to "Kekius Maximus" rallied Sunday night following tech mogul Elon Musk's update to his X avatar, which sparked interest in the fictional character.

What Happened: Solana-based Kekius Maximus rose by 7% in the past 24 hours, bringing its market capitalization to $1.8 million, according to CoinMarketCap.

Meanwhile, Ethereum-based frog-themed PEPE increased by over 5%, making it one of the market's biggest gainers in the 24-hour period.

Top Gainer (24-Hours)

The rally follows Musk's change to his X profile name, now displaying "Kekius Maximus," and his profile picture, which depicts him as an ancient warrior called "Emperor Kekius Maximus."

Screenshot From Elon Musk’s X Account

Kekius Maximus, a fusion of "Pepe the Frog" and "Maximus Decimus Meridius," the renowned character from the movie Gladiator, rose to prominence when Musk used it as his X profile name during New Year's Eve 2024. The coin responded with a 600% surge, accumulating millions in market capitalization.

However, the asset lost all its gains when Musk abandoned the avatar. Afterward, the speculative asset briefly experienced periods of dramatic growth, which were influenced by Musk's activity on social media.

For instance, in March, the coin shot up by 1,000% in a single day after Musk announced his intention to create an AI program that would strive for the maximum good for humanity.

At the beginning of the year, the coin was trading at $0.000000001 with a capitalization of $100,000. It quickly reached a price of $0.0000001 and a market capitalization of over $10 million.

The coin's price is currently at $0.0000003188, while its capitalization stands at $1.8 million.

The speculative asset is known for its potential for rapid gains and losses, and it remains to be seen what further impact Musk's actions will have on the coin's price movements.

Related: Elon Musk Hits Out At Obama Over ‘Disgraceful’ Minimum Wage Plans In Ferocious Twitter Rant

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This article is written with the assistance of AI and has been edited and reviewed for accuracy and completeness.

Photo Credit: Tech mogul Elon Musk on Twitter.