{"id":5290,"date":"2025-01-03T03:08:25","date_gmt":"2025-01-03T03:08:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5290"},"modified":"2025-01-03T03:08:25","modified_gmt":"2025-01-03T03:08:25","slug":"this-meme-coin-crashes-by-60-after-another-elon-musk-interaction-on-x-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5290","title":{"rendered":"This Meme Coin Crashes by 60% After Another Elon Musk Interaction on X: Details"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Elon Musk\u2019s influence has once again caused wild fluctuations in meme coin prices, with KEKIUS soaring 4,000% before collapsing 60%.<\/li>\n<li>The rapid price movements and lack of fundamental value in many meme coins highlight the importance of careful research and investing only what you can afford to lose.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-377112\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Musk_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Dumping Hard<\/h2>\n<p><span data-preserver-spaces=\"true\">The frog-themed meme coin Kekius Maximus (KEKIUS) has been a hot topic in <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> crypto <\/span><span data-preserver-spaces=\"true\">space<\/span><span data-preserver-spaces=\"true\"> in the past few days.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The token (whose logo represents a frog dressed in ancient Roman armor) experienced a nearly 4,000% price increase between December 30 and January 1. The pump could <\/span><span data-preserver-spaces=\"true\">be attributed<\/span><span data-preserver-spaces=\"true\"> to Elon Musk, who <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pepe-pepe-defies-market-sentiment-with-6-surge-after-interaction-from-elon-musk-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">changed<\/span><\/a><span data-preserver-spaces=\"true\"> his profile picture on X with the eponymous meme.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The impressive spike allowed savvy traders to make millions due to entering the ecosystem at the right time. Lookonchain recently <\/span><a href=\"https:\/\/cryptopotato.com\/trader-turns-66-into-3-05m-amid-kekius-meme-coin-frenzy\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> the case of one industry participant who turned a $66 investment in KEKIUS into more than $3 million in just 18 days.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the coin\u2019s rally was short-lived, with its valuation crashing by 60% in the past 24 hours. At one point, KEKIUS dumped to as low as $0.08, while currently, it trades at around $0.15 (per CoinGecko\u2019s data).\u00a0<\/span><\/p>\n<figure id=\"attachment_377109\" aria-describedby=\"caption-attachment-377109\" style=\"width: 571px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-377109\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS.png\" alt=\"KEKIUS\" width=\"571\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS.png 828w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS-300x210.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS-768x538.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/KEKIUS-50x35.png 50w\" sizes=\"auto, (max-width: 571px) 100vw, 571px\"><\/a><figcaption id=\"caption-attachment-377109\" class=\"wp-caption-text\">KEKIUS Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Its sudden collapse appears to have been triggered once again by Tesla\u2019s CEO, who is now visible on X as himself in the background of the American flag and not as the logo of the frog-themed token.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the past few years, Musk has influenced the prices of many other meme coins through his tweets, public endorsements, and actions. One of the latest examples includes his comments regarding Peanut the Squirrel (PNUT).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The meme coin <\/span><span data-preserver-spaces=\"true\">is inspired<\/span><span data-preserver-spaces=\"true\"> by a pet squirrel named Peanut, which <\/span><span data-preserver-spaces=\"true\">was euthanized<\/span><span data-preserver-spaces=\"true\"> to test for rabies after it reportedly bit a DEC worker during a seizure operation. Its death at the beginning of November last year caused huge controversy, with many people describing the move as unnecessary since the animal had lived indoors for years and showed no signs of the disease.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Musk was among the critics, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/tribune.com.pk\/story\/2507136\/elon-musk-condemns-government-euthanization-of-peanut-the-squirrel-sparks-debate-on-animal-rights\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">labeling<\/span><\/a><span data-preserver-spaces=\"true\"> the effort as a \u201cgovernment overreach\u201d and provocatively saying that \u201cDonald Trump would save the squirrels.\u201d He <\/span><span data-preserver-spaces=\"true\">continued to tweet<\/span><span data-preserver-spaces=\"true\"> about the animal in the following days, contributing to the coin\u2019s price explosion to an all-time high of almost $2.30 on November 14. <\/span><span data-preserver-spaces=\"true\">At that point,<\/span><span data-preserver-spaces=\"true\"> PNUT\u2019s market cap surpassed $2 billion, placing the asset among the top 10 <\/span><span data-preserver-spaces=\"true\">biggest<\/span><span data-preserver-spaces=\"true\"> meme coins.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the past month, though, Peanut the Squirrel has lost over 40% of its valuation while its capitalization fell below $800 million.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Be Careful With Memes<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The enhanced volatility in the sector and the lack of fundamental value (in many meme coin projects) should <\/span><span data-preserver-spaces=\"true\">serve as warnings to<\/span><span data-preserver-spaces=\"true\"> those contemplating jumping on the bandwagon. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Traders who still want to enter the ecosystem should follow some key rules to avoid a devastating outcome, such as investing only as much <\/span><span data-preserver-spaces=\"true\">as<\/span><span data-preserver-spaces=\"true\"> they are ready to lose and conducting proper research beforehand.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/this-meme-coin-crashes-by-60-after-another-elon-musk-interaction-on-x-details\/\" rel=\"nofollow\">This Meme Coin Crashes by 60% After Another Elon Musk Interaction on X: Details<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Elon Musk\u2019s influence has once again caused wild fluctuations in meme coin prices, with KEKIUS soaring 4,000% before collapsing 60%. The rapid price movements and lack of fundamental value in many meme coins highlight the importance of careful research and investing only what you can afford to lose. Dumping Hard The frog-themed meme coin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5290","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5290"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5290\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}