On December 31, 2024, Musk changed his name to Kekius Maxiumus and his avatar to a frog in armor. On the same day, meme coins related to this image soared. The market value of the $KEKIUS token on Ethereum increased from $ 10M to more than $ 300M, a 30-fold increase; the market value of the $KEKIUS token on Solana increased from $ 1M to nearly $ 10M, a 10-fold increase. After Musk changed his avatar and name back on January 2, such meme coins fell sharply, and the market value of the two tokens fell back to the $ 70M and $ 1M levels.
Since Musk has repeatedly called for the meme coin $DOGE, its price has risen sharply, and its current market value is $ 50B, ranking in the top 10 of the cryptocurrency market value. Linghu can't help but wonder if there are any speculative opportunities in tokens like KEKIUS? Can you buy at the current price in the hope that Musk will continue to call for KEKIUS in the future and drive the market value close to the level of $DOGE?
This requires answering a key question: Did Musk participate in the hype of KEKIUS-type tokens? Or are these tokens just riding on the popularity of Musk's profile picture change and have no connection with him? If Musk participated, buying and holding may wait for his next call and get the next $DOGE at a low price; if Musk did not participate at all, Linghu believes that there is little point in buying.
Identify the research object
To answer this question, let us first clarify the research object. If you search Kekius Maximus on Google, you can see that Coingecko shows the Ethereum $KEKIUS coin, which was established as early as December 16 and currently has a large market value and trading volume. Coinmarketcap shows another meme coin that was launched on Solana after Musk changed his profile picture on December 31. Although it has the same name, its market value and trading volume are very small. If Musk operates the $KEKIUS token, he must first establish the token and then call orders to pull the market. Therefore, the Solana chain $KEKIUS token that was hastily issued after Musk changed his profile picture is definitely not participated by Musk. The Ethereum $KEKIUS token that was launched two weeks before Musk changed his profile picture may have been participated by Musk. So Linghu only analyzes this Ethereum $KEKIUS token.
Timeline
After determining the research object, Linghu sorted out the timeline of Musk's mention of Kekius Maximus and the timeline of the issuance and operation of Ethereum's $KEKIUS token, and figured out the whole story. Please follow Linghu to read:
● On December 10, 2024 , x user @ALX made a series of images of frogs wearing armor based on Musk's AI project Grok, and named one of them Kekius Maximus. Musk and @ALX are good friends, and after seeing this picture, he replied "Amazing". At this point, Kekius Maximus was created and favored by Musk.
● On December 14 , @AutismCapital sent a tweet with a picture of a frog wearing a sweater. When Musk saw it, he replied "Kekius Maximus".
● On the same day , a thoughtful team noticed Musk’s two interactions with this meme image and decided to create a meme coin with the same name. The team established a TG group that day and published the contract address of the meme coin on the Ethereum chain in the group. The team founder posted a screenshot of Musk’s tweet that day in the group and arranged for members to establish an official website and an official x account. Team members registered an x account named @kekiusmaxierc and submitted a blue v application.
● On December 15 , the project's official x account @ed Musk and asked for his address, saying they would send him a T-shirt. Musk did not respond.
● On the same day , the project founder continued to send a series of links in the TG group, including the above-mentioned two interactions between Musk and the Kekius concept on the 10th and 14th, as well as the interaction between the PEPE project and the Kekius concept (this interaction has been deleted by the PEPE official).
● On December 16 , the meme coin was officially launched for trading. This coin is the earliest issued Kekius Maximus concept coin and is also the one with the largest market value at present. Linghu calls it Ethereum $KEKIUS.
● On December 18 , in the TG group of the Ethereum $KEKIUS meme coin, everyone was frantically forwarding a sentence saying "Musk is following us", but no one sent a screenshot to prove this. Later, someone in the group said, "It is the meme coin account that follows Musk, not Musk who follows the meme coin." Although the situation is unclear, after continuous orders in the group, the market value of the coin has steadily increased, breaking through the $ 1M mark, and continues to rise.
● On December 29 , Musk @ed two of his friends on x, saying that he got back his previous game name Kekius Maximus through an operation in the game Path of Exile 2. The two friends who were @ed, one is a professional PoE player, and the other calls herself a meme lady. But when checking the tweets of the meme lady, there is no mention of the $KEKIUS token. The ancient cities in the PoE2 game and the armor worn by the game characters are all related to the image of Kekius. This also makes it easy to understand why Musk used this image as the game ID. Although there was no mention of meme coins, with Musk's repeated mention of the concept of Kekius Maximus, the market value of the $KEKIUS token doubled from $ 7M the previous day to $ 15M.
● December 31st, the time finally came! Musk posted on x that his Kekius Maxiumus will reach level 80 in PoE2, and changed the avatar and name on the x platform to Kekius Maximus. Musk is very enthusiastic about the game PoE, and his ranking has been continuously improved through hard work. This excitement should be the reason for the above operations. It is particularly noteworthy that Kekius in Musk's avatar is holding a game controller, which again echoes the PoE2 game, not the meme coin. But Musk's behavior of changing his avatar and name has greatly stimulated the hype enthusiasm for Kekius-related meme coins. The market value of $KEKIUS on Ethereum has skyrocketed from $10M to more than $300M.
● On the same day , a media report analyzed why Musk changed his name and profile picture. Two speculations were given: one was related to the PoE2 game; the other was related to the meme coin of the same name. Musk forwarded the article and replied "kek" - meaning laughing. It is worth noting that the media report forwarded by Musk was marked by the x platform as "misleading" and "contains speculative theories". So we need to analyze what the so-called misleading information in the article refers to? The article gave two reasons for Musk's change of profile picture. The first reason was related to the PoE2 game, which is valid. Then the misleading information can only be another speculation of the article - "Musk's name change is related to the meme coin of the same name". And the x platform is controlled by Musk. So the platform gave a "misleading information" prompt. The series of actions forwarded by Musk was actually a rumor refutation made by Musk for his "profile picture change is related to the meme coin".
● On January 1 , Musk once again released the PoE game list, saying that his Kekius Maximus ranked 263. He still only mentioned games.
● On January 2 , a cyberchuck exploded outside Trump's house, and Musk changed his profile picture and name back. On this day, all Kekius-related meme coins began to fall. Ethereum $KEKIUS created a new x account on this day, named @WeAreKekius. The previous official x account @kekiusmaxierc was banned by the x platform. Imagine if Musk participated in the operation of this coin, would he let his x platform ban the original official x account of this coin?
● On January 3 , Musk released the PoE2 game list again, saying that his Kekius Maxiumus ranked 59th.
● On January 7 , Musk replied to a PoE2 game tweet, "Percy_Verence will avenge Kekius Maximus!"
● On January 9 , Musk joked under a tweet accusing him, “Who made Elon Musk emperor?”, “My emperor name is “Kekius Maximusl”. Show some respect.”
● As of January 15, Musk has not mentioned Kekius again. Currently, the market value of Ethereum $KEKIUS is stable at around $ 70M.
in conclusion
In summary, Musk was first interested in the image of Kekius Maximus, replied "Amazing", and named his character in the PoE2 game after it. From the beginning to the end, Musk did not mention the meme coin. He kept mentioning the game. From the attitude of the x platform towards the meme coin, on the one hand, it marked the analysis article that "believed that the coin was related to Musk" as inaccurate, and on the other hand, it blocked the x official account of the meme coin. All of these show that the coin has no direct relationship with Musk. Linghu's conclusion after sorting out the timeline is: Musk did not participate in the hype of the coin.
Although we have seen that Ethereum $KEKIUS has nothing to do with Musk, Linghu still has to affirm the token team's acumen and execution. On the day after Musk mentioned the concept of KEKIUS MAXIMUS for the second time, the team decided to use this as a hot spot to set up meme coins, which shows its acumen. Then the team completed the establishment of the TG group, the official website, the establishment of the official x account, the acquisition of initial group members, and the launch of tokens in two days, with strong action. Before December 31, through active operations and tens of thousands of orders in the TG group every day, the market value of meme coins reached $ 10M. It can be said that this is already a successful story. On December 31, Musk changed his avatar and name, which can be said to be an unexpected surprise. The token market value rushed to $ 300M, which gave the team overwhelming wealth. Success is reserved for those who are prepared. Although Musk's change of avatar was an accident, the team's previous preparations must be strong to catch this luck. Even though Musk changed his profile picture later, Ethereum $KEKIUS is still the leader of the KEKIUS concept because of its first-mover advantage. The current market value is still around $ 70M.
Before doing this review, Linghu randomly surveyed some coin speculators in the circle. Based on recent news, everyone generally vaguely believed that Musk was involved in this coin. Therefore, it can be considered that the current market value of $ 70M of the coin expresses this belief of most coin speculators. Everyone dares to buy and hold at this price, expecting that some mysterious operations of Musk in the future can bring another rhythm to this coin, and even Musk himself will positively call for this coin. Based on Linghu's review in this article, Musk did not participate in the operation of this coin, and don't expect "positive calls", and the possibility of "mysterious operations" is not high. Maybe Musk will occasionally mention Kekius Maximus a few times because of the PoE2 game, so that this coin can rise by riding on the heat, but $KEKIUS will certainly not become the next $DOGE. So it's a pity that Linghu can't convince himself to buy at the current price. It also reminds friends to pay attention to risks.
