On Friday, May 17, 2025, Musk once again changed his X (Twitter) handle to "Kekius Maximus" in a way that would bring a resurgence in interest for the Ethereum meme coin KEKIUS.
Musk froze his cryptic, meme-laden force of influence upon the crypto market alongside an image of Pepe the Frog in gladiator armour—a clear homage to the token. Within hours, the price jumped by 69%, hitting $0.04666, with the trading volume shooting up by 525%, as per CoinMarketCap.
Source: CoinMarketCap
It is not the first instance when Musk's meme-fuelled antics have propelled the memecoin into the spotlight. A similar profile update in late 2024, coupled with parabolic price moves, precipitated an ATH of $0.3958 on January 1, 2025. That rally on pure FOMO and social media precipitation saw the meme coin ascend from an ATL of $0.0000004093—a 109,000% plus gain in price."
The recent daily chart reveals the typical scenario for meme coins-escalating parabolic movements followed by periods of sideways accumulation. The two previous vertical rallies – each above 2,900% – would seem to be a clear fractal pattern, implying that a possible third impulsive leg is in the making. The present price action is a strong mimic of the January 2025 rally, having rejuvenated hype with Musk's subtle endorsement.
Source: TradingView
The Relative Strength Index, important to note, is at around 67, implying the asset is nearing overbought levels but still can make a run if social momentum draws in. Being above the consolidation zone gives hope to buyers; with a marked increase in volume, the formation of another bullish leg seems increasingly likely.
If the memecoin gets enough buying strength above the level of $0.025, the indicators forecast a possible short-term ceiling between $0.10 and $0.15, more so if Elon Musk continues his engagement with this meme. This price forecast fits the picture of past price action patterns, given the strong resemblance it bears to past breakout phases.
The really important point to keep in mind here is that memecoins are highly speculative in nature. They usually rise on the power of virality, social media sentiment, and celebrity endorsements – and they also come crashing down on these very same factors, rather than utility or fundamentals. Hence, while the upside is explosive, so are the risks.
Musk's influence on cryptocurrencies is undebatable in the case of meme tokens such as Dogecoin, Shiba Inu, and now KEKIUS. Now with a major injection of interest, a strong technical set-up, and an evolving online community, the memecoin should ride the hype phase and retest the previously established highs.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.