Kekius Maximus token continued its sturdy surge on Jan. 1, turning into the most effective cryptocurrency out there as the buildup continued.
The Kekius Maximus (KEKIUS) worth surged by over 200%, reaching a excessive of $0.4010, pushing its market cap to over $332 milion.
The surge occurred after Elon Musk modified his X profile title and film to that title, triggering extra purchases by merchants.
There are indicators that some crypto buyers anticipate that the token will proceed hovering within the subsequent few weeks. One whale exchanged his 62 billion price of Pepe (PEPE) tokens price $1.2 million into the Kekius token.
Extra massive patrons have executed related trades. As proven beneath, there have been over 10 trades price over $425,000 within the final 24 hours.
These buyers are shopping for the Kekius Maximus token due to Elon Musk’s affect within the social, financial, and political house. Socially, he is among the hottest individual globally, with over 200 million X followers.
Economically, he’s the richest individual on earth with a web price of $450 billion. This wealth comes from firms like SpaceX, Tesla, X, and Xai. Politically, he’s a detailed ally of Donald Trump, the incoming president.
Elon Musk has additionally promoted meme cash up to now. Essentially the most notable promotion was Dogecoin (DOGE), which has change into a $50 billion juggernaut within the crypto house.
Kekius Maximus worth might drop quickly
KEKIUS’s surge additionally mirrors that of the opposite not too long ago launched and hyped meme cash. For instance, the Moo Deng (MOODENG) worth soared from $0.02 in September to $0.7023 because the hype rose. It has dropped by 62% from its highest level in November.
Equally, the Peanut the Squirrel (PNUT) worth surged to $2.5 in November and has dropped by 72% since then. Goatseus Maximus (GOAT) token has additionally crashed by over 60% from its all-time excessive, leaving many worry of lacking out merchants holding the bag.
Subsequently, there’s a probability that the KEKIUS worth will proceed rising within the subsequent few days as extra exchanges checklist it. That is notable since it’s now being traded on MEXC, Uniswap, and BingX. Within the longer-term, there’s a danger that it’ll mirror that of different not too long ago launched meme cash.
Disclosure: This text doesn’t signify funding recommendation. The content material and supplies featured on this web page are for instructional functions solely.
