Elon Musk's influence goes both ways.

Ethereum Kychios Maximus Mimi Coin (a little) rose more than 3,000% from a market cap of $12.7 million to nearly $400 million, in 30 hours after Tesla CEO. Elon Musk Changed his Twitter name to Kekius Maximus. But what comes must come down. Once Musk changed his profile back to normal, it caused the value of the token to drop 67% in one hour to $95 million.

Kychios Maximus, according to Meme coin sitealso known as "Pepe the Frog Emperor". The popular internet frog meme art depicts the ruler of a mythical empire. He - she He appears Which the meme was originally created using Your puppyTwitter's original AI tool, with Musk, who owns Twitter, endorsing it December 10.

During the coming days baby- Inspired memes have gained more popularity with the likes of citizen journalist Autism capitalthe The official account of Baby Mimi CoinAnd, of course, Musk Posting about the meme created by Grok. This led to KEKIUS launching on Ethereum and its market capitalization rising to $1.7 million by December 27.

That's when Musk announced that his Path of Exile persona would be just that His name is Kychios Maximusresulting in a nearly 1,300% jump to a market cap of $20 million. Keep in mind that this was before Musk changed his profile picture and name to the meme created by Grok on New Year's Eve, causing the meme coin to go parabolic, reaching a market capitalization of roughly $400 million.

However, as the new year dawned on news of a Tesla Cybertruck exploding outside the Trump Hotel in Las Vegas, Which led to the death of the driver in the explosion. This prompted Musk to return to his original Twitter account and profile picture to address the unfolding incident.

“The entire Tesla team is investigating this matter now,” Musk said to publish. He later said: "We have now confirmed that the explosion was caused by a very large fireworks and/or bomb that was placed in the bed of the rental truck, and had nothing to do with the vehicle itself." He added.

This change in name and profile picture is to address the still evolving incident - which is now suspected to be an accident An act of terrorism by law enforcement- Causing KEKIUS to collapse 83% from its all-time high in just 10 hours.

Since the explosion, Musk has not published any posts about Kikios Maximus. Instead, he turned his attention to British politics.

Musk currently Pleading For the far-right activist Tommy Robinson To be released from prison after he was He was imprisoned for contempt of court in October-because of Claim over and over again A teenage Syrian refugee violently assaulted “little English girls” to justify his status as a refugee. Waterboarding by fellow school students On camera, Robinson's claim was disproven in court and he was ordered never to make the allegations again, but he did so - and so support the The sixth is greater The country's political party, Reform UK.

As you can expect, several memes were created as a result including Free Tommy Robinson (Tommy) token that has reached a market cap of $4.8 million.

Modified by Stacey Elliott.