Elon Musk-Inspired Kekius Maximus Token Rallies Amid Scam Concerns
Kekius Maximus, a meme coin inspired by Elon Musk’s social media antics, surged to a four-month high of $0.06 following Musk’s X profile update. The Tesla CEO adopted the pseudonym "Kekius Maximus" and changed his avatar to an AI-generated gladiator image, reigniting speculative interest in the token.
The rally remains far below the coin’s all-time high of $0.4011 set during a similar Musk-driven frenzy in January. Market watchers note this pattern of Musk-related pumps often precedes volatility, with on-chain analysts flagging potential scam risks in the current activity.
While the token’s market cap saw notable expansion during the surge, seasoned traders remain cautious. "These meme coins live and die by celebrity endorsements," said one crypto hedge fund manager, speaking on condition of anonymity. "The smart money knows to take profits quickly when the Musk effect kicks in."