The Kekius Maximus token continued its strong rise on January 1, becoming the best cryptocurrency on the market as accumulation continues.
The price of Kekius Maximus (KEKIUS) rose more than 200%, hitting a high of $0.4010, bringing its market cap to more than $332 million.
The increase occurred after Elon Musk changed the name and photo of his X profile to this name, which led to more purchases by traders.
There are signs that some cryptocurrency investors expect the token to continue rising in the next few weeks. A whale traded Pepe for $62 billion (baby) $1.2 million worth of tokens in Kekius Token.
A larger number of large buyers executed similar deals. As shown below, there were more than 10 trades worth more than $425,000 in the last 24 hours.
These investors are buying the Kekius Maximus token because of Elon Musk's influence in the social, economic and political sphere. Socially, he is one of the most popular people in the world, with over 200 million X followers.
Economically, he is the richest person on Earth with a net worth of $450 billion. This wealth comes from companies like SpaceX, Tesla, X, and Xai. Politically, he is a close ally of Donald Trump, the next president.
Elon Musk has also promoted coins in the past. The most notable promotion was Dogecoin (Doug), which has become a $50 billion juggernaut in the cryptocurrency space.
The price of Kekius Maximus may drop soon
KEKIUS's rise also mirrors the rise of other recently launched and popularized meme coins. For example, Mo Ding (Moding) The price rose from $0.02 in September to $0.7023 as the hype increased. It is down 62% from its high point in November.
Likewise, the peanut squirrel (Girls) The price rose to $2.5 in November and has fallen 72% since then. Goatsius Maximus (A goat) The token has also fallen more than 60% from its all-time high, sparking fears among many that traders holding the bag will lose out.
Therefore, there is a possibility that the price of KEKIUS will continue to rise in the next few days as it gets listed on more exchanges. This is notable because it is now traded on MEXC, Uniswap, and BingX. In the long term, there is a risk that it will mirror other recently launched meme currencies.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
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