Elon Musk has once again caused a stir in the crypto market by simply changing his avatar on X. He replaced his photo with a PEPE meme — and now the entire market is in motion. The coin’s price surged, trading volumes are skyrocketing. It’s classic: one move by Musk with a meme — and the crypto community is panicking, whether to buy or sell.

In addition to PEPE, Musk renamed his account to “Kekius Maximus” — a clear nod to his love for internet culture and gaming. A new token, KEKIUS, immediately appeared and also started attracting attention. Currently, PEPE is trading around $0.00 with a daily increase of 4.78%, although volatility remains high. KEKIUS shows a slight decline of 5.11% over the week but remains on traders’ radar.

But that’s not all. Musk officially took the helm of D.O.G.E. — the U.S. Government Efficiency Department. Along with Vivek Ramaswamy, he aims to save $2 trillion in federal spending. This is serious, not just memes. At the same time, Musk is involved in German politics, supporting the AfD party and provoking criticism from Chancellor Scholz. It turns out Musk is influencing markets through crypto memes and geopolitics through his political activism. It’s always fascinating to see how one person can simultaneously move so many different markets and events.