Remember The Elon Musk-Inspired Kekius Maximus Token? The Memecoin Has Crashed 92% From Its Peak As Tesla CEO Abandoned His Short-Lived X Avatar

Kekius Maximus (CRYPTO: KEKIUS), a meme coin that rose to fame following a mention by tech billionaire Elon Musk, has lost more than 92% of its value since its peak.

What happened: The Ethereum (CRYPTO: ETH)-based cryptocurrency ran up to hundreds of millions in market value after Musk changed his name on X to Kekius Maximus—a combination of “Pepe the Frog” and “Maximus Decimus Meridius,” the iconic character from the movie “Gladiator.”

KEKIUS surged more than 600% over the next 24 hours, hitting a peak value of $0.3958. However, the success lasted just a short time.

A day later, Musk, the CEO of Tesla and …

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