A cryptocurrency trader, potentially an insider, has managed to turn around $1,983 worth of the second-largest cryptocurrency by market capitalization ether into around $2.8 million in little over two weeks after Tesla and Space X CEO Elon Musk changed his name on the popular microblogging platform, X.
According to data shared by on-chain analysis firm Spot On Chain, the trader saw a 1,700x return in just 18 days after spending 0.5 ETH tokens to buy 35.58 million $KEKIUS, a meme-inspired cryptocurrency.
The trader, per Spot on Chain, bought the tokens on Dec. 14 and sold 10.13 million of them for 4.91 ETH on Dec. 16, before selling an additional 25.26 million for 843 ETH worth more than $2.8 million from the beginning of 2025 during a massive price surge.
That price surge came after Musk changed his name on X to “Kakis Maximus,” and the trader’s sale came before Musk reversed the change, which led to a 75% price crash for the token.
https://twitter.com/spotonchain/status/1874642866338955287
Although the precise reason behind Elon Musk’s brief profile alteration on the social media platform remains uncertain, there is a discernible connection to meme culture. The moniker “Kekius” is derived from internet slang, “kek,” which originated within World of Warcraft communities and translates to “laughing out loud.”
The “Maximus” part of the name was seen as a reference to Maximus Decimus Meridius, the leader character of the Gladiator movie, played by Russell Crowe. The profile image he used during the name change included the Pepe the Frog character .
Notably, Musk had seemingly teased the name change after mentioning that “Kekius Maximus will soon reach level 80 in hardcore PoE,” referring to popular video game Path of Exile.
Featured image via Pexels.
Read the full article here
