Elon Musk adopted the moniker "Kekius Maximus" on X Tuesday, sparking speculation among his 210 million followers about his mysterious new handle that is a mash-up of an alt-right symbol, a memecoin, and the lead character of the movie "Gladiator." Musk, the CEO of Tesla and SpaceX and a confidant of US President-elect Donald Trump, also replaced his profile picture with one of "Pepe the Frog," a popular cartoon character, wearing ancient Roman attire and holding a video game joystick. Also Read: Germany says Elon Musk 'trying to influence the federal election' In typical Musk fashion, the billionaire tech mogul and owner of X -- formerly Twitter -- offered no explanation about the new username and avatar, but the move triggered immediate ripple effects.

Also Read: Elon Musk says his $1 billion offer to Wikipedia ‘still stands' The change roiled the cryptocurrency world, sending the value of a memecoin -- a digital currency inspired by an internet meme -- with the same name skyrocketing. Also Read: Trump backs H-1B visa programme as Musk vows to go to ‘war’ defending it It also sent internet sleuths hunting for answers: Was the name change just for the laughs? Was there a hidden message? Was this another thinly-disguised attempt to jolt the crypto markets? More troublingly, was it a wink and a nod to online hate groups? Musk and X did not immediately respond to AFP's request for comment. His new handle appears to be a blend of "Maximus Decimus Meridius" -- a Roman gener.