Elon Musk’s X move tanks Kekius Maximus token 60% in an hour; Whale cashes out $2.3M profit

[Moon_Walker]

Soon after Musk updated his profile name, the value of the memecoin Kekius Maximus shot up. As of Tuesday evening, the memecoin’s value had surged by more than 900%; however, at the time, it was not immediately clear if Musk’s move had caused the price rise.

However, the KEKIUS whale ‘0x820168e15ec0c16cd757257399519429eb2b31cc’ began selling his assets, triggering a 60% drop in the token’s prices in just one hour. The whale has received $2.3 million in profits, with a 40% win rate.
https://www.msn.com/en-us/money/companies/elon-musk-s-x-move-tanks-kekius-maximus-token-60-in-an-hour-whale-cashes-out-2-3m-profit/ar-AA1wPO0h?ocid=msedgntp&pc=U531&cvid=fc30ecf805e048ba90f6481093c6fb79&ei=29

 

[Spartan]

450% lechinappudu enter avudam anukunna...kaani kaale

[Moon_Walker]

Just now, Spartan said:

450% lechinappudu enter avudam anukunna...kaani kaale

arey are are....nuvvu kuda "Maixmus decimus Spartan" ani tweet pedthaavemo anukunna after getting the profit

[Spartan]

Just now, Moon_Walker said:

arey are are....nuvvu kuda "Maixmus decimus Spartan" ani tweet pedthaavemo anukunna after getting the profit

[enigmatic]

who creates these coins? what is the point of them, is everyone trying to jump on the coin when it is up and then dump it

[socrates]

38 minutes ago, enigmatic said:

who creates these coins? what is the point of them, is everyone trying to jump on the coin when it is up and then dump it

basically you can see them as building the network or building monetary community online for various purposes or providing some services for decentralized environment..etc

all these old & new coins eventually fall into one of these below categories, for better vocabulary and less typing I took the help of chatGPT. See below

 

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🪙 1. Currency Coins (Payment Cryptocurrencies)

• Primary Use: Digital payment system for goods and services.
• Examples: Bitcoin (BTC), Litecoin (LTC).
• Use Cases:
  • Peer-to-peer (P2P) transactions without intermediaries.
  • Cross-border payments with reduced fees.
  • Store of value (e.g., Bitcoin as "digital gold").

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💵 2. Stablecoins

• Primary Use: Provide price stability in a volatile market.
• Examples: Tether (USDT), USD Coin (USDC).
• Use Cases:
  • Facilitating trading between cryptocurrencies.
  • Hedging against crypto volatility.
  • Cross-border transactions and remittances.

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📑 3. Smart Contract Platforms

• Primary Use: Enable developers to build decentralized applications (dApps) and execute smart contracts.
• Examples: Ethereum (ETH), Solana (SOL).
• Use Cases:
  • Decentralized Finance (DeFi) applications.
  • Tokenizing assets (e.g., real estate, art).
  • Automating agreements without intermediaries.

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💼 4. Decentralized Finance (DeFi) Tokens

• Primary Use: Financial services without intermediaries like banks.
• Examples: Aave (AAVE), Maker (MKR).
• Use Cases:
  • Lending and borrowing without banks.
  • Earning interest through staking and yield farming.
  • Decentralized exchanges (DEXs).

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🛠️ 5. Utility Tokens

• Primary Use: Provide access to services or products on a specific blockchain platform.
• Examples: Binance Coin (BNB), Chainlink (LINK).
• Use Cases:
  • Paying transaction fees on platforms (e.g., BNB on Binance).
  • Accessing premium services.
  • Data verification and integration (e.g., Chainlink for oracle services).

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📊 6. Governance Tokens

• Primary Use: Enable holders to vote on platform decisions.
• Examples: Uniswap (UNI), Compound (COMP).
• Use Cases:
  • Proposing and voting on protocol upgrades.
  • Participating in decentralized decision-making.
  • Influencing allocation of community treasury funds.

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🎨 7. Non-Fungible Tokens (NFTs)

• Primary Use: Represent ownership of unique digital assets.
• Examples: CryptoPunks, Bored Ape Yacht Club (BAYC).
• Use Cases:
  • Digital art and collectibles.
  • Ownership of in-game assets (e.g., skins, items).
  • Proof of authenticity and intellectual property.

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🌐 8. Metaverse Tokens

• Primary Use: Facilitate transactions and activities in virtual worlds.
• Examples: Decentraland (MANA), The Sandbox (SAND).
• Use Cases:
  • Buying virtual real estate and assets.
  • Participating in virtual events and experiences.
  • Building and monetizing virtual spaces.

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🛡️ 9. Privacy Coins

• Primary Use: Enable anonymous transactions.
• Examples: Monero (XMR), Zcash (ZEC).
• Use Cases:
  • Anonymous financial transactions.
  • Protection against financial surveillance.
  • Enhanced privacy for sensitive payments.

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🐕 10. Meme Coins

• Primary Use: Community-driven projects often driven by online culture and humor.
• Examples: Dogecoin (DOGE), Shiba Inu (SHIB).
• Use Cases:
  • Tipping and micro-transactions online.
  • Community engagement and social movements.
  • Speculative trading.

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📈 11. Exchange Tokens

• Primary Use: Facilitate activities on cryptocurrency exchanges.
• Examples: Binance Coin (BNB), Cronos (CRO).
• Use Cases:
  • Reduced trading fees on exchanges.
  • Access to exclusive features (e.g., launchpad projects).
  • Staking for rewards.

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⚡ 12. Layer 2 Solutions

• Primary Use: Improve scalability and reduce costs of blockchain networks.
• Examples: Polygon (MATIC), Arbitrum (ARB).
• Use Cases:
  • Faster and cheaper transactions.
  • Scaling decentralized applications (dApps).
  • Reducing congestion on Layer 1 blockchains.

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🎮 13. Gaming Tokens

• Primary Use: Enable transactions and economies within blockchain games.
• Examples: Axie Infinity (AXS), Gala (GALA).
• Use Cases:
  • Buying in-game assets and upgrades.
  • Play-to-earn rewards.
  • Trading gaming assets on open marketplaces.

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🤖 14. AI Tokens

• Primary Use: Combine AI with blockchain for data sharing and automation.
• Examples: Fetch.ai (FET), SingularityNET (AGIX).
• Use Cases:
  • Data sharing and monetization.
  • AI-powered decentralized analytics.
  • Automating tasks and smart workflows.