The post Elon Musk’s avatar change singles out GORK as the next hot meme appeared on BitcoinEthereumNews.com.

GORK is the next hot meme token, boosted by Elon Musk’s new avatar and nickname change. Despite this, the token has struggled to break the $100M market capitalization.  Elon Musk boosted a new meme launched just four days ago. Musk changed his screen name to “gorklon rust”, linked to the GORK ticker of the currently trending token.  Musk has not promoted the token explicitly, but has used his outsized social media presence. In the past, Musk has changed his avatar to draw attention to Kekius Maximus (KEKIUS), leading to an almost vertical rally.  This time around, the Musk effect is more muted. KEKIUS peaked at $181M in total market capitalization, currently sliding to $21M in total market cap. GORK is still valued at $66M, even after several rallies in the past four days.  New XAI Gork (GORK), as the token is known, is a Solana-based asset, benefitting from the recent return to hot memes. GORK currently trades at $0.066, while still being mostly dependent on decentralized markets.  GORK draws buying volumes from whales and smart money Over the past few days, however, GORK managed to draw in significant buying volumes, leading to several jumps to a higher range. The periods of heightened buying activity led traders to view GORK as possibly boosted by whales or insider buyers. Alphanomics data shows GORK is one of the most actively traded tokens on Solana DEX, with $134M swapped in the past 24 hours.  The potential rally of GORK also competes with the influence of Housecoin (HOUSE), as well as the recent recovery of FARTCOIN. GORK aims for the category of irrational tokens, though its recent launch means it does not have a cult community yet. The token’s connection to Musk may lead to future rallies, as the asset will be closely watched and…

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Filed under: News - @ May 5, 2025 11:23 am