Elon Musk has changed his name on X, formerly Twitter, to Kekius Maximus, and replaced his profile picture with Pepe the Frog, a popular meme, dressed as warrior holding a video game joystick. This could be seen as a popular measure to publicise the KEKIUS memecoin among the crypto traders.

After Musk endorsed the memecoin (KEKIUS) through a change in his X bio, it skyrocketed over 500% in just a few hours, said the CoinGecko data.

Typically, memecoin is the cryptocurrency inspired by prevalent trend on the internet. Meanwhile, Kekius Maximus, popular as ‘KEKIUS’ is a cryptocurrency token based on blockchain platforms like Ethereum and Solana. Musk is known to promote cryptocurrencies in the past as well. Previously, he endorsed the Shibu Inu-inspired Dogecoin.