Tech entrepreneur and billionaire Elon Musk has caused excitement in the crypto community by changing his X name and avatar. The community of the meme coin PEPE was particularly surprised and excited.

The crypto industry’s reaction was immediate with the introduction of a new meme coin.

Related

Elon Musk unveils X name and avatar change

Today, tech mogul Elon Musk came up with a big surprise for the X community and especially crypto fans when he changed his that inspired the cryptocurrency PEPE April last year.

It’s not the first time this month that Musk has released a PEPE character on his X page. On December 10, he tweeted his comment to a Grok-created image of “Kekius Maximus” from another X account.

“Kekius Maximus” was Pepe the Frog, dressed as a Roman general, standing in the middle of the Colosseum area – a likely reference to the Ridley Scott film Gladiator-2, which hit cinemas worldwide in November.

Elon Musk’s tweet refers to the online game Path of Exile, where reaching level 80 is an important milestone in the game’s progression system.

Community reacts to Musk’s move, PEPE rises 12%

The crypto community also responded eagerly to Musk’s tweet and shared their excitement about the Pepe the Frog meme and the meme coin. This time, in the comments on Musk’s post, many mentioned the coin’s ticker, $PEPE. The biggest surprise, however, came not from the published image, but from the fact that the tech entrepreneur changed his name to this one.

However, Musk will most likely use his real name again soon. He is known to have made changes to his avatars in the past. In 2023, he even briefly changed Twitter’s blue bird logo to a DOGE mascot when he acquired the social media platform for $44 billion and renamed it to X shortly after. This short maneuver caused the Dogecoin price to rise by a significant amount.

According to the CoinGecko scale, crypto enthusiasts who carefully monitor new trends in the cryptocurrency market have already launched a coin called “Kekius Maximus” (KEKIUS).

The price of PEPE coin has increased by 12% in the last two hours.