Dogecoin

Elon Musk’s ‘Kekius Maximus’ Name Sparks Crypto Chaos: Dogecoin, PEPE, and Cardano’s Hoskinson Weigh In

Billy Markus, co-creator of Dogecoin (DOGE), took to X (formerly Twitter) to share a Dogecoin-themed post in response to Elon Musk’s request for more positive, beautiful, or informative content on the platform. Musk, the tech mogul and owner of X, had urged users to publish uplifting content on his global digital town square, calling for a shift towards more constructive contributions.

Markus, always active in the Dogecoin community, seemed to take Musk’s request to heart and posted a cheerful Dogecoin mascot, reinforcing the playful yet positive spirit that the cryptocurrency has become known for since its inception in 2013. Markus, alongside Jackson Palmer, created Dogecoin as a lighthearted and meme-inspired cryptocurrency. Over the years, it has gained a dedicated following, thanks in part to figures like Musk, who has frequently endorsed the coin.

Meanwhile, Musk’s recent actions on X have sent ripples through the platform. The billionaire not only changed his profile picture to a Pepe the Frog meme but also updated his handle to “Kekius Maximus.” This move is seen as a nod to the PEPE meme coin, which was created by anonymous developers in April 2023 and has since gained traction in the crypto community. Musk’s rebranding sparked a surge in interest around PEPE, with the meme coin’s price skyrocketing by around 12% in just two hours following his announcement. The PEPE community, including the official PEPE X account, enthusiastically embraced the move, adding to the meme coin’s momentum.

In addition to his profile changes, Musk shared posts about “Kekius Maximus,” humorously referencing his character’s progression in the online game Path of Exile (PoE). The move aligns with Musk’s ongoing promotion of meme-based cryptocurrencies, contributing to the lively and sometimes unpredictable dynamics of the meme coin market.

As Musk’s influence continues to shape the landscape of cryptocurrency, it’s clear that his presence on X remains a driving force for both Dogecoin and other meme coins like PEPE. The recent flurry of activity demonstrates just how much power social media, particularly X, has in influencing the values and trends of digital assets.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Dogecoin (DOGE) Price Set for Explosive 305x Rally: Could DOGE Hit $20 by 2025? – Analyst

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