According to analysts from Lookochain, after billionaire Elon Musk chose the nickname Kekius Maximus on the social network X, which is banned in Russia, one of the traders was able to earn more than $634,000 on this.
Recall that on December 31, 2024, Elon Musk decided to update the name of the X account to Kekius Maximus, becoming the mascot for the creation of dozens of memecoins. Some of them were launched two weeks ago, when the billionaire first posted the phrase in the comments of Autism Capital.
According to experts, the trader took advantage of this and spent $4360 to purchase 18,15 million KM coins. Immediately after Elon Musk's nickname changed, the price of the KM memecoin soared by almost 17000%, which allowed the investor to make a profit.
According to analysts, such a deal most likely indicates that the trader had insider information regarding the KM memecoin trade. In the comments, users also believed that the investor was a classic insider. Thanks to this, he was able to earn over $638,000 so quickly, the crypto community believed.
