Recently, Elon Musk’s social media profile change has led to a remarkable price increase for Kekius Maximus (KEKIUS), a frog -themed crypto -themed crypto currency created by his followers. Famous business people, social media platform X’s profile again as “Kekius Maximus” after the update after the Kekius Token reportedly experienced an unusual rise. Token has attracted the attention of his followers since last year when Musk changed his profile for the first time.
Effect of Profile Update on Token
Elon Musk changed his profile name back to “Kekius Maximus .. This movement was perceived by many as a support message for Memecoin. Although other different token types have been created in previous profile name changes, it is stated that the version with the highest liquidity is KEKIUS. According to CoinMarketcap data, KEKIUS reached a level of $ 0.0502 by experiencing an increase of 119 percent in 24 hours.
This increase observed in Token’s price is unusual. In the previous periods, the price of this digital asset was usually static, while Musk’s price mobility was observed after social media.
Followers and market dynamics
Kekıus Token was created last year by the audience who regularly followed Elon Musk’s digital movements. The community considers Musk’s updates on his social media profile as a sign of market movements. This can especially lead to observation of upward sharp movements in the token price.
Throughout the investors and crypto money market, there are views that Musk’s personal brand can have short -term effects on the valuation of such assets. However, experts emphasize the need to be cautious about the sustainability of these price movements.
Possible results and warnings after price increase
The rapid rise in KEKIUS TOKEN suggests that similar movements can be seen in the crypto money market, especially due to sudden developing social media news and sharing of famous figures. But there are many questions about the continuity of such price increases.
After the price increase observed in CoinMarketCAP data, market analysts stated that “Sudden value rise are difficult to continue and investors should be careful”.
Some market participants argue that the impact of social media activities of famous personalities on crypto beings may be temporary and prices can soon return to their old levels in a short time.
Although Musk’s Prices Trigger the Prices of Social Media Movements is not a new phenomenon in the crypto currency world, the high volatility in similar developments may pose a risk for investors.
The last increase in the price of KEKIUS once again revealed the impact of famous names on the digital asset market. The dynamic nature of the crypto currency market can be shaped, especially with the shares of popular figures. However, analysts draw attention to the importance of such movements that such movements can be temporary and the cautious approach of investors to information and the importance of risk management. As in the case of KEKIUS, it is recommended that investors do basic analysis in fast and high price changes in order to avoid short -term fluctuations and that social media impact may have similar results in the long term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
