TL;DR
- A crypto trader turned an investment of $4,360 into nearly $970,000 in just a few hours, taking advantage of strategic moves in the meme coin market.
- The trader acquired 18.15 million Kekius Maximus (KM) in two transactions, for a total of $4,360. The purchases were 9.9 million tokens for $2,246 and 8.2 million for $2,566.
- KM’s price increased by 13,362% after Elon Musk changed his name on X. This caused the value to rise from $0.00040 to $0.05385 before dropping back to $0.02658.
A crypto trader turned an investment of $4,360 into nearly $970,000 in just a few hours, thanks to a series of strategic moves in the meme coin market.
The trader bought 18.15 million Kekius Maximus (KM) for a total of $4,360, splitting the purchases into two separate transactions. The first was for 9.9 million KM for $2,246, and the second, for 8.2 million tokens, cost $2,566.
Thank you, Elon Musk!
The increase in KM’s value was due to an unexpected event. About nine hours after the purchase, Elon Musk, the CEO of Tesla and owner of the social media platform X, changed his username to “Kekius Maximus,” a nod to the Pepe the Frog meme. This change led to a dramatic surge in KM’s price, which jumped from $0.00040 to $0.05385, a rise of 13,362%. Although the price later dropped back to $0.02658, the value of KM remained significantly higher than before Musk’s gesture, with a difference of approximately 6,545%.
Coincidence, Privilege, or an Expert Trader?
At the time of writing, the KM tokens held by the trader are worth $482,427, but if they had been held at the peak price, their value would have reached around $977,377. This peculiar event sparked speculation among X users. Was this trade a coincidence, or did the trader have access to insider information?
Unlike most automated accounts that make trades without human intervention, this account has made several trades over time. This indicates that the trader is experienced and not a bot. This makes the success of the trade even more impressive, as it was not just a stroke of luck but the result of a carefully executed strategy.
