Tesla and SpaceX CEO Elon Musk, who has close involvement in the cryptocurrency world, once again is causing volatility in the prices of memecoins in the market with his recent actions.
Musk recently named his character in the game Path of Exile 2 as Kekius Maximus and shared it on X. Furthermore, he changed his name on X to Kekius Maximus. Musk also changed his profile photo to the mascot of the memecoin PEPE, leading to the creation of a memecoin called Kekius Maximus (KEKIUS).
As Musk frequently mentions his character in the game, the value of the specific memecoin has significantly increased. However, it is important to note that the memecoin has no affiliation with Elon Musk.
In related news, investment companies continue to provide Bitcoin price predictions for the New Year. Details can be found below.
Lastly, just minutes ago, Elon Musk restored his name and profile photo on X. Consequently, the price of the KEKIUS memecoin dropped by over 50 percent.
*This is not investment advice.