Ripple (XRP) eyes further gains after Senator Bill Hagerty stated that the GENIUS stablecoin act will be passed next week, which may bode for US native stablecoins such as RLUSD. If RLUSD grows as a result of friendly stablecoin regulations and attains half of Tether’s $150 billion market cap, what would be the impact on XRP price? Ripple trades at $2.37 today after a 1.35% decline in 24 hours. Trading volumes were also down by 37% in 24 hours, according to data from CoinMarketCap. XRP Price If RLUSD Hits $75B Market Cap Ripple’s RLUSD currently has a market cap of $313 million, and 2.66K holders. At press time, the dollar-pegged stablecoin posted $61 million in intraday trading volumes, significantly lower than Tether’s volumes of $54 billion. RLUSD Stablecoin However, RLUSD is about to gain a competitive edge over Tether’s USDT and likely support an XRP price recovery. US Senator Bill… Read More at Coingape.com
Pi Coin plunged 45% after a brief rally fueled by Consensus 2025 announcements, with indicators and on-chain data signalling weakening momentum and a bearish outlook unless new catalysts emerge.
Key Highlights:
Pi Coin is down 45% from its recent high, currently trading at $0.6984.
Market cap rose 95% in 5 days and then dropped $3.7B within 3 days.
Top 100 wallet concentration fell from 98.76% to under 5% from May 6 to May 16.
EMAs at $0.79–$0.85 have turned into resistance, confirming bearish momentum.
Analyst outlook remains cautiously bearish amid fading indicators and failed support.
Pi Network (PI) is currently trading at $0.6984, down over 45% from its recent high of $1.57 with market cap now at $5.1B. From May 8 to May 13, Pi’s market cap jumped from $4.5B to $8.8B, almost doubling in just five days. But by May 16, it had fallen back to $5.1B, losing over $3.7B in value in just three days.
This sharp drop came after a short-lived price boost caused by major announcements — including the shutdown of Pi’s central node and the launch of a $100M Pi Network Ventures fund, both revealed during Consensus 2025 (May 13–14).
The fast rise and fall show that Pi’s price still reacts quickly to news rather than steady growth. While the rally briefly caught market attention, the rapid drop has heightened caution among traders.
PI/USDT Technical Analysis: Indicators Show Weak Momentum and Bearish Bias
The rally that started on May 8 lifted Pi above $1, peaking at $1.57 on May 13, driven by major news. But buying power faded just as fast.
Now, Pi trades under the 20, 50, 100, and 200-day EMAs — stacked between $0.79–$0.85 — which have flipped into resistance. The MACD has turned bearish, with the line almost crossing below the signal. The histogram, though not yet red, is narrowing, signalling fading buying pressure. The RSI, now at 42, points to neutral-to-bearish momentum.
The On-Balance Volume (OBV), which reflects buying vs. selling pressure, has dropped over 12% from its recent high, indicating a slowdown in net accumulation. Resistance sits at $0.79–$0.85.
Pi Coin is now testing key support levels at $0.68 and $0.59, which were important price zones before the rally on May 8. Instead of moving sideways in a range, the price has dropped from the peak and is now settling where buyers previously stepped in, waiting for a fresh trigger to move again.
A fall below $0.59 could open the way to $0.45. The Analysis of the PI network remains cautiously bearish unless Pi reclaims its EMAs with strong volume.
Pi On-Chain Metrics: Wallet Concentration Shift and Volume Drop
Volume surged to $2.2B on May 12, then dropped to $588M by May 16, down 73%, suggesting a fading hype cycle.
The CoinCarp chart, which displays wallet distribution by holder ranks, shows that the Top 100 wallet concentration dropped sharply from 98.76% on May 6 to 14.76% by May 13, before settling under 5% by May 16.
On May 13 specifically, the top 10 holders owned just 1.31%, and the top 50 held 2.7%. This dramatic shift likely reflects internal wallet reshuffling rather than actual retail distribution. The rapid redistribution during the rally aligns with bearish technical indicators, showing that major holders possibly took profits during the hype phase..
Conclusion: Event-Reactive Sentiment Keeps Pi Coin Volatile
Pi Network’s 45% rally and the subsequent steep correction were driven by short-lived hype, notably from announcements made during Consensus 2025 (May 13–14).
This reflects how event-based sentiment still drives Pi’s price more than fundamental progress. The rapid market cap swing — a $3.7B decline in just three days — reveals how sensitive Pi remains to major headlines.
Going forward, potential catalysts such as a mainnet activation or ecosystem adoption could reignite interest. Until then, Pi Coin is likely to continue trading on speculative momentum, and traders should monitor support zones closely for further downside risk or relief bounce attempts.
The post Pi Coin Price Crashes 45% After Hype Fades: Is More Downside Coming? appeared first on Coinpedia Fintech News
Pi Coin plunged 45% after a brief rally fueled by Consensus 2025 announcements, with indicators and on-chain data signalling weakening momentum and a bearish outlook unless new catalysts emerge. Key Highlights: Pi Coin is down 45% from its recent high, currently trading at $0.6984. Market cap rose 95% in 5 days and then dropped $3.7B …
XRP is currently trading at $2.37 after a slight 24-hour dip of 2.11%, but it’s still up 0.89% over the week, 13.2% this month, and an impressive 359% over the past year. Since the start of 2025, XRP has gained 14.2% and now holds a market cap of $139.06 billion, ranking as the fourth-largest cryptocurrency.
Reaching the $20 mark would require a 743.88% surge from its current level. According to analyst Stock Moe, this is a crucial support level. If the price fails to hold here, he warns it could slide to $0.226, then $0.213, and even $0.202 in a continued downtrend. Despite the current weakness, Moe says the bigger picture for XRP remains bullish.
XRP Price Predicition The $300 Price Target Explained
Stock Moe believes XRP still has the potential to hit $300. He admits this sounds wild and calls it a moment of “opium,” but points to billion-dollar investors who continue to bet on XRP. He says these big players are not worried by short-term noise because they understand the long-term utility of XRP. Moe explains that the delay in XRP’s breakout is not a failure, just a test of patience.
Moe notes XRP has broken below the Bollinger Bands for three straight days. This usually signals a test of the 13 or 50-day EMAs. If XRP drops below $0.213, it could move to $0.202 or $0.172. However, Moe dismisses extreme bearish calls for $0.160, saying the charts do not support such a move. He sees the current action as a response to uncertainty, not a collapse.
The market reacted negatively to the delayed SEC response, causing panic selling. Moe says this fear is emotional and not based on fundamentals. He believes short-term holders are giving up, while long-term investors will benefit from staying calm.
Institutional Moves Back the Vision
Moe is confident in XRP’s future and is backing his belief by partnering with Gemini. He is offering users $25 in XRP for trading $100, showing his continued support. He says the $300 goal is not hype but a reflection of where XRP could go if real use cases take off. Moe ends by saying XRP’s rally is just slow, not dead, and those who wait may be the ones who win big.
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XRP is currently trading at $2.37 after a slight 24-hour dip of 2.11%, but it’s still up 0.89% over the week, 13.2% this month, and an impressive 359% over the past year. Since the start of 2025, XRP has gained 14.2% and now holds a market cap of $139.06 billion, ranking as the fourth-largest cryptocurrency. …
The UK government is taking a bold step to tighten crypto regulations. Starting in 2026, crypto service providers must collect and report user data under the OECD’s Crypto-Asset Reporting Framework (CARF) — a global initiative aimed at boosting tax transparency and curbing evasion.
This move places the UK in sync with over 40 countries, including all EU member states, and has massive implications for both centralized and decentralized crypto platforms.
What Are CARF Rules and Why Is the UK Adopting Them?
The Crypto-Asset Reporting Framework (CARF) was developed by the Organisation for Economic Co-operation and Development (OECD) — an international body of 38 member countries — to tackle tax evasion in the digital asset space.
By adopting CARF, the UK aims to:
Enhance transparency in crypto transactions
Align with international tax standards
Prevent offshore tax avoidance using digital assets
Key Dates You Must Know
2026: UK-based and foreign crypto service providers (CASPs) must start collecting user identity and transaction data.
May 31, 2027: First deadline for annual reporting.
Even if you’re not based in the UK, if you serve UK users, you must comply.
Which Users Are Affected?
CASPs must report:
All UK tax residents
Users from countries implementing CARF rules (over 40 jurisdictions expected)
They must collect data from all users, but reporting is limited to those residing in CARF-compliant countries.
EU’s DAC8 rules will work in tandem with CARF, requiring EU-focused crypto firms to also follow strict transparency measures.
What Data Must Be Collected?
Crypto firms will be required to gather:
User identity details
Transaction data (including volumes, timestamps, and counterparties)
This applies to:
Exchanges
Custodial wallets
Transfer service providers
What Happens If CASPs Don’t Comply?
Non-compliance with CARF can result in:
Fines of up to €300 per user
Penalties for late, inaccurate, or missing filings
CASPs are strongly advised to start building reporting infrastructure now to avoid future penalties.
These platforms emphasize user privacy and flexibility, which may not align with CARF requirements. The industry is watching closely for additional UK government guidance.
There are already rumors of some firms considering an exit from the UK due to the high cost of compliance.
Final Thoughts
The UK’s adoption of CARF signals a new era of regulation in the crypto space. While the goal is more security and transparency, it could come at the cost of privacy and decentralization — values many in the crypto community hold dear.Crypto businesses must now adapt, prepare, or relocate, as 2026 draws closer.
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The UK government is taking a bold step to tighten crypto regulations. Starting in 2026, crypto service providers must collect and report user data under the OECD’s Crypto-Asset Reporting Framework (CARF) — a global initiative aimed at boosting tax transparency and curbing evasion. This move places the UK in sync with over 40 countries, including …
XRP was designed to streamline cross-border payments and settle transactions quickly — features that made it attractive to banks and institutions. But for retail investors, the value proposition has become harder to define. With no native staking, limited DeFi integration, and a token model tied to Ripple’s legal and corporate decisions, XRP holders are left relying on price appreciation alone.
Now, a new project is drawing analyst comparisons to Bitcoin’s early phase — and unlike XRP, it delivers real-time, protocol-level income from day one. Bitcoin Solaris, a dual-layer blockchain with integrated mobile mining, allows users to earn BTC-S tokens directly from their smartphones. Some market observers see echoes of Bitcoin’s earliest years — when the price was negligible, mining was accessible, and returns for early participants reached 13,000,000% over time.
A Practical Way to Earn Daily Crypto Rewards
With the Nova App, Bitcoin Solaris enables anyone with a smartphone to earn BTC-S through passive mining. Users allocate 1–5 GB of storage and background CPU, and the app runs silently in the background — often during charging or idle periods. Unlike traditional mining, there’s no expensive hardware or energy-intensive setup.
For XRP holders, this presents a functional contrast. Instead of waiting for market cycles or regulatory clarity, they can participate in a working network that pays out daily based on contribution, not speculation. There are no staking lockups, no validator systems to understand, and no intermediaries involved. Just tap, mine, and earn.
Infrastructure That Supports Daily Income at Scale
Bitcoin Solaris is built to scale while maintaining decentralization and speed. It operates on a dual-layer blockchain:
The Base Layer uses Proof-of-Stake (PoS) and Proof-of-Capacity (PoC) for energy-efficient ledger validation.
The Solaris Layer uses Proof-of-History (PoH) and Proof-of-Time (PoT) to process mobile mining and smart contract activity at 10,000+ TPS, with 2-second finality.
This layered approach ensures that mining rewards are issued quickly, securely, and sustainably. While XRP transactions are fast, the network does not support user-driven consensus or real-time earnings. Bitcoin Solaris puts reward mechanisms into the hands of actual participants.
In a detailed review, HotCuppaCrypto explored how Bitcoin Solaris reflects the early structure of Bitcoin—with fixed supply, open mining, and first-mover reward dynamics. The video outlines how BTC-S may offer a rare second chance for investors who missed BTC’s earliest days.
Presale Phase 3 Closing Soon
Bitcoin Solaris is currently in Presale Phase 3, with BTC-S tokens priced at 3 USDT. This phase will close soon, after which the price will increase to 4 USDT. Of the 21 million fixed supply, 4.2 million BTC-S (20%) are allocated for presale participants.
Unlike inflationary ecosystems, there will be no additional token minting beyond what the protocol allows through mining and validator operations. Early buyers gain not only discounted access, but also priority entry into Nova App mining before difficulty rates increase and centralized exchange listings begin. The setup mirrors Bitcoin’s early incentive structure — when tokens were cheap, access was open, and rewards were protocol-native.
Audited and Verified
Bitcoin Solaris has completed full third-party audits and verification processes to ensure network integrity and user trust. All earnings are issued securely, based on real participation, not administrative discretion.
Cyberscope Audit: Reviewed smart contracts, mining logic, and emission rules
Freshcoins Audit: Assessed performance, scalability, and device compatibility
KYC Verification: Confirmed project governance and operational transparency
XRP may serve institutions — but Bitcoin Solaris is rewarding individuals. Through mobile mining, daily BTC-S income, and limited presale access at 3 USDT, it reintroduces a rare dynamic: a blockchain where users earn because they contribute. The early-stage opportunity is real, and this time, it fits in your pocket.
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XRP was designed to streamline cross-border payments and settle transactions quickly — features that made it attractive to banks and institutions. But for retail investors, the value proposition has become harder to define. With no native staking, limited DeFi integration, and a token model tied to Ripple’s legal and corporate decisions, XRP holders are left …
The consolidation within the market continues as Bitcoin remains within a narrow range. Meanwhile, the altcoins also face a small pullback, including Avalanche, whose price has dropped from the local highs at $26.88. In the times when the token has been experiencing equal bullish and bearish pressure, here’s what to expect from the AVAX price rally in the next couple of weeks.
Key Support and Resistance Levels for AVAX
The volatility of the token has increased ever since the price jumped above horizontal consolidation during the last quarter of 2024. Meanwhile, despite the correction that followed, the market participants appear to remain extremely bullish over the token, as the network’s high-speed subnets have been a game changer. Therefore, the AVAX price is believed to rise to $0.26 in the next 10 days if the momentum continues to build.
Despite the bearish pullback, the Gaussian channel remains bullish, which keeps the bullish possibility alive. The price is testing one of the crucial supports at $22.75, which has been acting as a strong resistance to clear since March. However, the MACD shows a drop in the buying pressure with a possibility of a bearish crossover. However, the levels remain within the bullish range, which keeps the hopes of a bullish reversal alive.
Hence, the Avalanche price is believed to test the average bands of the rising parallel channel of around $21.45 that could offer a strong base to trigger a rebound. Meanwhile, a rise above $28 could only elevate the levels above the bearish influence and a rise above $30 could reinstate a bull run to $50.
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The consolidation within the market continues as Bitcoin remains within a narrow range. Meanwhile, the altcoins also face a small pullback, including Avalanche, whose price has dropped from the local highs at $26.88. In the times when the token has been experiencing equal bullish and bearish pressure, here’s what to expect from the AVAX price …
Solana (SOL) is up 28.4% over the past month, but its momentum has slowed. After briefly touching $184, it has gained just 0.78% in the last seven days. Despite this, Solana continues to dominate DEX metrics, leading all chains with $27.9 billion in weekly volume.
The broader ecosystem remains active, with multiple Solana-based apps among the top fee generators. However, technical indicators such as RSI, Ichimoku Cloud, and EMA lines suggest the rally may be losing steam, signaling a potential period of consolidation or correction ahead.
Solana Leads DEX Market With $27.9 Billion Weekly Volume and Surging App Activity
The weekly DEX volume for Solana surged by 45.78%, signaling a strong resurgence in on-chain activity after decreasing activity between March and April.
This rise is a spike and part of a broader trend, with volumes consistently staying above the $20 billion mark over the past month.
Top Apps and Chains by Fees and Revenue. Source: DeFiLlama.
Adding to its momentum, Solana is home to four of the past week’s ten highest fee-generating apps and chains. This includes familiar platforms and newcomers, showing a healthy diversity in the ecosystem.
Believe App, a newly launched Solana-based launchpad, stands out in the recent surge. In the last 24 hours alone, it generated $3.68 million in fees—surpassing well-established platforms like PancakeSwap, Uniswap, and Tron.
Momentum Cools for SOL as Indicators Turn Neutral
Solana’s Relative Strength Index (RSI) has dropped to 51.99, down from 66.5 just three days ago, signaling a clear loss of bullish momentum.
Over the past few days, the RSI has hovered between 44 and 50, reflecting a more neutral market sentiment after previously nearing overbought conditions.
The RSI is a momentum indicator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold territory. At 51.99, Solana sits in the neutral zone, which typically suggests a period of consolidation or indecision.
If the RSI rises above 60 again, it could point to renewed bullish strength; if it dips below 45, further downside pressure may follow.
The price is hovering near the Kijun-sen (red line) and Tenkan-sen (blue line), both of which have started to flatten—indicating a slowdown in momentum.
The Chikou Span (green lagging line) remains above the candles, suggesting that the broader trend still has a bullish bias. However, the lack of distance between it and the current price action reflects weakening strength.
The Kumo Cloud (green and red shaded area) ahead is still bullish, with the leading span lines spread apart, providing support beneath the current price.
However, with candles now closely interacting with the Kijun-sen and failing to strongly break above the Tenkan-sen, the short-term sentiment appears cautious.
If the price can push decisively above the blue line, momentum may return, but any drift into the cloud could signal the start of a more prolonged consolidation phase or potential trend reversal.
Solana’s Bullish EMA Structure Faces Momentum Slowdown
Solana’s EMA lines remain bullish, with the short-term moving averages positioned above the longer-term ones. However, the gap between these lines is narrowing, suggesting that upward momentum is weakening.
Solana price recently failed to break past a key resistance level, and although a retest could open the path toward reclaiming the $200 zone, the lack of strong follow-through raises questions about the trend’s strength.
Complementing this cautious outlook, the Ichimoku Cloud and RSI indicators point to a potential cooldown. Solana recently held above an important support level but remains vulnerable—if that support breaks, further downside could follow.
The broader structure still leans bullish, but the market appears to be at a crossroads. The next move likely depends on whether buyers can reclaim initiative or sellers push through key lower levels.
Eric Council Jr, the man who hacked the SEC’s X account last January, was sentenced to 14 months in prison today. In addition to the prison time, Council must forfeit $50,000 and be subject to three years of supervised release.
He was arrested in October 2024, and prosecutors offered him a deal shortly afterward. Council apparently took it in February, pleading guilty to charges of conspiracy to commit aggravated identity theft.
What’s Next for the SEC X Hacker?
At the beginning of 2024, rumors about a Bitcoin ETF approval were turning into a tremendous hype wave. Therefore, when Council hacked the SEC’s X account to claim that it got the green light, this caused market pandemonium.
Bitcoin rose more than $1,000 shortly afterwards, and the hunt for Council began. Today, the story finally ended.
The US Attorney’s office announced that Council had been sentenced for the infamous SEC hack. Court documents showed that he used a SIM Swap to compromise a phone with access to the X account.
“Schemes of this nature threaten the health and integrity of our market system. SIM swap schemes threaten the financial security of average citizens, financial institutions, and government agencies. Don’t fool yourself into thinking you can’t be caught. You will be caught, prosecuted, and will pay the price,” claimed US Attorney Jeanine Ferris Pirro.
Interestingly, government prosecutors repeatedly alleged that Eric Council had several co-conspirators in committing the SEC hack. However, none of them have been named, arrested, or charged with anything yet.
The government offered Council a plea deal shortly after his arrest, on the condition that he name these individuals. He pleaded guilty to conspiracy charges in February, presumably suggesting that he did indeed cooperate.
It seems a little strange that there haven’t been any developments in this broader investigation over the last three months.
Still, Council has personally faced justice for his role in the SEC hack. He was sentenced to forfeit $50,000 and spend 14 months in prison.
After his release, he will be under police supervision for the next three years, ensuring that he does not access the dark web or commit identity fraud.
Ethereum made history by offering developers the first smart contract blockchain platform, and early investors saw life-changing returns. Now, nearly a decade later, a new kind of crypto project is generating the same type of interest and potential.
It runs on artificial intelligence, is open to retail investors, and is currently entering its presale. Analysts are already calling it the most exciting AI-driven token launch in years.
AiAO isn’t a meme coin or a pump-and-dump. It’s a serious trading platform with a track record, backed by innovative machine learning, and supported by a financial model built for long-term sustainability. If you missed out on Ethereum at $7, this might be your second chance.
AlgosOne: Where AI Meets Investing
For years, time, emotional decision-making, and inconsistent results constrained investing. AlgosOne changes the game by replacing guesswork with AI logic. Once users register and deposit funds, the system handles everything from strategy selection to risk management automatically.
Proven Results
AlgosOne’s proprietary AI has maintained an 80 percent trade win rate since 2022. This is not just backtesting. These are real-world results, based on live trades. The platform’s earliest contracts matured at the end of 2024, with some users earning profits of up to 250 percent.
There are no hidden fees either. No spreads, no subscriptions, and no charges on losing trades. The only cost is a small commission on wins.
The system is part of a broader trend in how financial technologies are evolving, and AlgosOne’s technology stack supports both speed and precision at scale. This system isn’t just for tech pros or institutional traders. Anyone can use it. No coding, no chart analysis, no late nights. Just register, fund your account, and let the AI do its job.
AlgosOne is licensed in Europe and has an excellent score of 4.7 / 5 on Trustpilot with more than 2400 reviews and numerous satisfied users and clients.
What Is AiAO from AlgosOne?
At the heart of this AI trading ecosystem is the AiAO token. It’s more than a digital asset—it’s the key to accessing the AlgosOne platform. It also serves as a reward mechanism, governance tool, and investment opportunity all in one.
And it doesn’t stop there. AlgosOne has pledged to purchase at least $100 million worth of tokens during the public sale, which will reduce the overall supply and further increase demand.
Token Benefits That Go Beyond Just Holding
Unlike many cryptocurrencies that rely purely on speculative value, AiAO is for real use cases. Token holders benefit in several unique ways:
1. Regular Dividend Payouts
AiAO holders will receive dividend payments in USD. These distributions are based on the platform’s revenue, meaning the more successful AlgosOne becomes, the more income token holders can expect. Payments go directly into users’ bank accounts and depend on the number of tokens held.
Think of AiAO as shares of a public company on the stock market, which pays its shareholders dividends. It’s the same concept, except here it’s a cryptocurrency. Regular dividend payments are not present in BTC, ETH, SOL, or even XRP, making AiAO stand out.
2. Voting and Governance Rights
AiAO holders don’t just profit—they participate. The token includes built-in voting power, allowing users to help shape the platform’s future. Whether it’s voting on upgrades, new trading strategies, or ecosystem changes, the more tokens you hold, the more influence you have.
3. Tier Advancement and Trade Boosts
Holding AiAO also boosts your position within the AlgosOne system. Token ownership unlocks trading points, which increase your account’s tier. Higher tiers mean more trades per day, reduced commissions, and increased profits.
This adds an entirely new layer of utility, making AiAO more than just a digital currency but an access pass to elite financial tools within AlgosOne’s AI crypto trading interface. An AI system will beat human traders 9 out of 10 times, as it makes no emotional decisions and analyzes the markets 24/7 without human input to identify the most profitable trading opportunities.
4. The Retrodrop for Early Adopters
In addition to presale benefits, AlgosOne is launching a retrodrop that rewards early users with free AiAO tokens. Activities like watching educational content, depositing funds, and promoting the platform can all earn you extra rewards. The more involved you are, the more you receive.
How to Get In Before the Public Sale
To participate in the presale, users must first register on the AlgosOne platform and complete a quick verification process. The minimum deposit to qualify is $300, and higher deposits allow users to purchase more tokens in early rounds. Once verified, users will have access to the presale and can start earning benefits immediately, including staking options and early access to AI trading features.
Conclusion
If you’ve been watching the rise of AI in finance and wondering when the right opportunity will appear, this might be it. AiAO isn’t just a token but an opportunity to own shares of the future of AI trading. It could experience significant growth that can compare to Ethereum in its early days. Those interested in securing their position early can now register for the AiAO presale.
A little-known meme coin called Kekius Maximus saw a dramatic price surge on Friday, gaining over 120% within hours. The sudden rally followed Elon Musk’s update to his X (formerly Twitter) profile.
Musk’s name change on X often follows up with these speculative pumps, but certain reg flags on KEKIUS are fueling notable concerns.
Kekius Maximus Keeps Pumping
Musk adopted the name “Kekius Maximus” on his X account and changed his avatar to an AI-generated image of himself in gladiator-style armor.
This led to renewed interest in the coin, which had largely gone unnoticed in recent months.
According to CoinGecko data, the digital asset spiked from obscurity to a four-month high of $0.06. This is far below its all-time peak of $0.4011, set during a similar Musk-induced meme moment in January.
Kekius Maximus Price Performance. Source: Coingecko
Meanwhile, the current spike pushed Kekius Maximus’ market cap to roughly $57 million, which is also well off its previous high of $181 million.
The token’s branding draws on the Pepe the Frog meme and the iconic Maximus character from the film Gladiator. This combination aligns with Musk’s rebrand and appeals to his meme-savvy audience.
Musk has not acknowledged the coin or suggested any direct involvement despite the token’s meteoric rise.
Still, his history of influencing crypto markets through subtle or playful social media gestures is well established. This is evidenced in his past endorsements of Dogecoin, which have trained investors to react quickly to any signal, even if indirect.
Even without a formal endorsement, a simple reference or image change can trigger a wave of FOMO-driven buying among investors.
Prior to this event, Kekius Maximus had shown little movement or trading volume. Musk’s rebrand appears to have injected new life into the project, albeit temporarily. History suggests that similar meme-driven pumps often retrace once the hype subsides.
Scam Kekius Maximus Token Concentration. Source: X/Nova
Meanwhile, malicious actors appear to be capitalizing on the project’s hype. Crypto analysts highlighted one Kekius-themed project whose team held 99% of the supply and looked to dump it on the community.
“$KEKIUS (CA 6m51rC2jRZkrtQkNNP4sXrSTE6Yq76F9huA8MYRtpump) is a blatant obvious scam, don’t buy this garbage…they have 99% of the supply,” the analyst wrote.
