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Explosion at Trump Tower ‘burns’ KEKIUS trader $2.5 million
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On the first day of the year, a cryptocurrency trader faced a financial rollercoaster as he lost around $2.3 million in hours after holding his position in $KEKIUSa memecoin created by a tweet from Elon Musk. The reason for the loss is even more frightening, an incident involving a Tesla Cybertruck in Las Vegas caused the value of the token to plummet from US$2.8 million to just US$589,600.
The world of cryptocurrencies is full of cases of traders who made millions in a few days, but there are also cases of traders who stopped winning because they didn’t sell at the right time. This is the case of the trader with portfolio 0x11c701BC35C1f7a32072301d01F91EBc458a25A1 who went viral after losing $3 million in potential returnsin a story that involves an attempted implosion in the United States and one of the most influential names in the cryptocurrency market.
Recently, we reported on the case of the $KEKIUS memecoin, created after a tweet by Elon Musk, on December 14th. That same day, the owner of the aforementioned wallet acquired around 10.17 million tokens for US$66, according to the Lookonchain website, at a cost of US$0.0000065 per unit.
In the following days, the meme of Kekius Maximus, a kind of Roman Emperor version of Pepe The Frog, went viral and the token appreciated in value. However, When Musk changed his X profile name to Kekius Maximus, the token’s price exploded. With this, the trader burned around 2.85 million of its tokens, making a profit of around US$201 thousand. However, the trader decided to keep around 7.37 million $KEKIUS in his wallet.
From heaven to hell
So, according to calculations made by Lookonchain, they indicate that the trader had, on the 1st, US$ 2.8 million in $KEKIUS. The publication was made at the exact moment the token reached its maximum peak, at 9 am on the 1st, when it was being sold at US$ 0.38.
The practice of ‘HODL‘, a term that means holding assets for the long term, is popular among many memecoin investors. According to supporters of this strategy, holding helps ensure that these assets maintain liquidity and continue to appreciate in value, thus increasing the potential return.
However, at the end of the day, an incident in Las Vegas ruined everything. A Tesla Cybertruck was imploded in front of the Trump Hotel, leaving one dead and several injured. Probably due to the seriousness of the topic, Elon Musk returned his X account to its original name to comment on the case.
In a matter of minutes, the value of the $KEKIUS collapsed and was priced at US$0.08 on January 2nd. As a result, the trader who had US$2.8 million at 9 am on the 1st, ended the day with just US$589,600. A loss of more than approximately US$2.3 million. Memecoin rose again in the following hours and at the time of publishing this report, it is being sold at US$0.14, but still far below the maximum value of US$0.38.
Explosion at Trump Tower ‘burns’ KEKIUS trader $2.5 million
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Explosion at Trump Tower ‘burns’ KEKIUS trader $2.5 million
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Explosion at Trump Tower ‘burns’ KEKIUS trader $2.5 million
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Explosion at Trump Tower ‘burns’ KEKIUS trader $2.5 million
