"Thank You Musk"... An Individual Investor Multiplies Assets by 45,000 Times in Just 18 Days

Uk Jin

Summary

Elon Musk's social media activity caused the value of certain cryptocurrencies to surge, and it was reported that an individual investor increased their assets by 45,000 times in a short period.
Specifically, the investor increased $66 worth of Ethereum to $3 million by purchasing Kekius Maximus.
However, it was reported that the value of Kekius Maximus has fallen by about 70% due to Musk's profile change.

Due to Elon Musk, the CEO of Tesla's activity on X (Twitter), the value of certain cryptocurrencies has surged, and it has been revealed that an individual investor multiplied their assets by 45,000 times in just 18 days.

On the 2nd, on-chain data analysis firm Lookonchain shared a transaction list from an individual investor's wallet address, stating, "$66 became $3 million in just 18 days."

Specifically, the investor purchased 1,017,000 Kekius Maximus with $66 worth of Ethereum (ETH) on the 14th. The situation changed dramatically on the 31st when Musk switched his Twitter profile to Kekius Maximus. This action by Musk led cryptocurrency investors to flock to Kekius Maximus, causing its value to skyrocket. According to Uniswap, Kekius, which was only $0.00009 on the 14th, soared to $0.39 on the 1st.

However, now that Musk has reverted his profile, investor sentiment has quickly cooled. As of 2:38 PM that day, Kekius Maximus is trading at $0.1163, down about 70% from the previous day.