Trader turns $55K into $1M after memecoin soars 980% today on Musk's action
The cryptocurrency market, known for its volatility and unique opportunities, has seen yet another unusual event recently. An anonymous trader managed to turn an investment of approximately $55 into $1 million with the memecoin Kekius Maximus (KEKIUS). The catalyst for this extraordinary gain? An unexpected move by Elon Musk. Today alone, the memecoin has soared by more than 800%.
The story began when Musk, known for his influence on the crypto market and his interactions with memecoins, changed the name of his personal account on X (formerly Twitter) to “Kekius Maximus”. This simple change triggered a wave of purchases in the memecoin of the same name, boosting its price and benefiting investors who had previously bet on it.
Data Spot On Chain revealed that a trader accumulated 8,448 million KEKIUS with an investment of 16 ETH, which was worth about $54.800 at the time. Interestingly, these purchases were made between December 19 and ended approximately 18 hours before Musk’s account name changed. The action earned the trader an unrealized profit of about $950, representing a 980% appreciation in the memecoin.
Source: Spot On Chain“This trader turned $54,8K into $1M with $KEKIUS! Between Dec 19th and 15 hours ago, trader “0x33A” spent 16 $ETH ($54,8K) on 8,448M $KEKIUS. Just 3 hours ago, @elonmusk changed his handle to “Kekius Maximus,” increasing $KEKIUS by 980% and skyrocketing the trader’s holdings to $1M. That’s a profit of $948K (17,3x) in just 12 days!” the platform wrote.
Musk’s controversial name change has put the spotlight on KEKIUS, which has delivered massive returns for early investors. At press time, KEKIUS is trading at $0,1324, up 798.6% in the past 24 hours.
Yesterday, the memecoin was trading at $0,01119971 before exploding higher and registering an all-time high at $0,1454 today. Furthermore, the cryptocurrency’s trading volume has reached impressive levels. Kekius Maximus (KEKIUS) trading volume is $99.217.462 in the last 24 hours, representing a 2.202,40% increase from a day ago and signaling a recent surge in market activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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