Elon Musk made waves in the crypto market again as he changed his avatar on social platform X. This change sent Solana-based memecoin, Kekius Maximus (KEKIUS) into a downward spiral. The coin sank by around 90% after the tech mogul changed his avatar on the social media platform.

Elon Musk bizarrely changed his X profile name to “Kekius Maximus” on Tuesday — sparking a flood of questions from supporters and critics alike.

Elon Musk adopted the moniker "Kekius Maximus" on X Tuesday, sparking speculation among his 210 million followers about his mysterious new handle that is a mash-up of an alt-right symbol, a memecoin, and the lead character of the movie "Gladiator."

Elon Musk changed his name on X to ‘Kekius Maximus,' and even changed his profile avatar to feature an image of the popular Pepe the Frog character.

Elon Musk's promotion of the Kekius Maximus meme coin has led to a crypto trader making 17,000% returns within an hour. Here's how.

In typical Musk fashion, the billionaire tech mogul offered no explanation about the new username and avatar, but the move triggered immediate ripple effects. The change roiled the cryptocurrency world, sending the value of a memecoin — a digital currency inspired by an Internet meme — with the same name skyrocketing.

Kekius Maximus Crypto token dropped 122.8% to ₹0.307, on Thursday, compared to ₹0.684 in a matter of nearly 15 mins.