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Elon Musk's name change to Kekius Maximus on the social network X (formerly Twitter) on December 31 created a significant upswing in the meme coin market. Now, the value of meme coin KEKIUS after Musk returned to his original name, decreased by 50% to $0.09; however, the token experienced a staggering 6,000% growth last week. One trader lost $1 million in 12 hours by converting 62 billion PEPE tokens worth $1.2 million to KEKIUS. The total value of frog-related meme coins during this period reached 11.8 billion dollars.
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