These Meme Coins Skyrocketed After His Interaction on X

Tl; DR

• A Musk's profile update on X sent pieces of obscure memes that soar, once again proving its strong influence on speculative cryptographic assets.
• However, the peaks of these tokens were short -lived while they were heading to the south just as quickly, presenting the notorious volatility of the niche of money.

Musk makes waves again

One of the richest people on the planet is known for its ability to have an impact on cryptographic markets with its ads, comments and other interactions. More recently, Musk amended its account name on X (formerly Twitter) to “Gorklon Rust “and put the logo of the memes play recently launched New Xai Gork (Gork) as a profile photo.

The assets in question has climbed approximately 75% to around $ 0.0832 (according to Coingecko data). In the following hours, Gork retired to current $ 0.0,678 but remains in green on a daily scale. Meanwhile, the token market capitalization has briefly increased over $ 80 million before settling in around $ 67 million (to date).

Gork is inspired by the Grok Chatbot AI. The last is developed By XAI – A company founded by Musk – and provides full -minded alternatives to other AI assistants like Chatgpt. Grok is also deeply integrated into X.

Other memes in this category have also experienced increased volatility after Musk's actions. $ Grok, for example, has increased two -digit. However, this peak was short -lived and in the following hours, the gains were almost entirely erased.

One of the previous cases

Several months ago, the price of another piece of the same jumped considerably after a similar interaction by Elon Musk.

Towards the end of last year, Tesla's CEO changed his profile photo on X in Kekius Maximus, an amphibian bearing an old Roman armor. The memes play on the theme of the frogs Kekius reacted more than positively, its price rises by almost 4,000% in a single day. Meanwhile, the huge rally allowed Aleumed merchants to transform investments of less than $ 100 into millions of dollars.

As in many other cases, however, the Kekius Bull Run was short -lived. His evaluation collapsed 60% the duration of 24 hours after Musk was no longer visible as Kekius Maximus on the social media platform. The slide continued in the following months, and the medal in the same is now down by almost 90% since the peak at the start of the year.

This is another example of the risks and dangers associated with the niche. That said, people who plan to deal with coins should do appropriate research in advance and invest as much as they are ready to separate.