Elon Musk, CEO of Tesla and SpaceX, has once again caused volatility in the memecoin market with his latest actions. Musk named his character in the game Path of Exile 2 Kekius Maximus, and changed his name and profile photo on X to match. This led to the creation of a memecoin called Kekius Maximus (KEKIUS), which saw a significant increase in value as Musk mentioned his character in the game. However, it is important to note that the memecoin has no affiliation with Musk. Minutes later, Musk reverted his name and profile photo, resulting in a more than 50% drop in the price of the KEKIUS memecoin.



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