A few crypto tokens often go against the odds, making heavy returns despite the market crash. One such crypto made 17,000% returns for a crypto trader after its price blew up within an hour. Interestingly, the multi-billionaire Elon Musk has played a major role in this, shocking everyone. Let’s understand what’s happening and how Elon’s involvement led to massive returns.
Elon Musk’s Profile Update Helped Crypto Trader Earn 17,000%
Tesla’s owner, Elon Musk, has been among the most influential people in the crypto trading industry. His single tweet about the market could change investors’ feelings, eventually crashing or lifting the market. His recent X profile update had the same impact, especially on one crypto. Interestingly, Musk changed his X profile name and picture to a meme coin, Kekius Maximus, boosting its price by 500%.
With that, a crypto trader who has invested $4,360 ended up with $638k after his investment grew 17,000% within just a few hours. Although Elon did not help the trader directly, his actions indirectly benefited the Kekius Maximus holders.
Lookonchain, an analytics crypto page, revealed that the crypto trader had invested $4,360 to buy 18.15M KM around 12 hours ago. However, a few hours ago, Elon Musk suddenly changed his X profile and even posted that “Kekius Maximus will soon reach level 80 in hardcore PoE,” eventually boosting the price of the meme coin.
What a lucky trader—or perhaps an insider!
9 hours ago, he spent $4,360 to buy 18.15M $KM.
Just one hour ago, @elonmusk changed his profile name to “Kekius Maximus,” sending the price of $KM soaring by ~17,000%.
The 18.15M $KM he bought is now worth $638K!… pic.twitter.com/FcYiYaD2wS
— Lookonchain (@lookonchain) December 31, 2024
Elon’s sudden move shocked many people, but he is known for such marketing tactics and for influencing the crypto trading market.
Not the First Time Elon Musk Changed His Avatar
Till now, Musk has not provided any explanation behind this move. Interestingly, this is not the first time he has changed this avatar. Before this, he has named himself Mr Tweet, Naughty Moniker, and whatnot. More importantly, he even changed the tweet logo to the Shiba Inu dog image, which denotes meme coins like Dogecoin and Shiba Inu.
Crypto traders are waiting for Elon’s comment on the situation. They are also eyeing Musk’s D.O.G.E. to resolve the $36T US debt.
Interestingly, the Kekius Maximus is still rising, according to Coingecko reports. It currently trades at $0.1239 after an 880% surge in the last 24 hours. Moreover, its market capitalization is $124,075,780, with a trading volume of $71,111,178, which has increased impressively since Musk’s actions.
What’s The Main Lesson Here?
People with decent or higher lever crypto trading experience promote following the right strategies to stay profitable in this market. Interestingly, this crypto trader has its profit-making strategies, investing in a newly launched token, which seemed highly potential to him. Additionally, he eyed the situation and bought the token when it was reasonably priced. Interestingly, his luck turned in his favor, and Elon Musk’s actions boosted the token by 500%. The community has called the trader lucky, but some called him an insider trader, considering such heavy returns.
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