The New Memecoin That Surged 80% After Elon Musk Changes X Name and Profile Picture – CryptoMode
It seems that Elon Musk's last online stroke sparked another Mencoin push. On X, the Co-founder and billionaire of Tesla changed its display name to “Rust Gorklon” and exchange His profile photo at the New Xai Gork (Gork) logo, a piece of meme, launched a few days earlier.
The Gork account responded in kind, playing in absurdity. The exchange was sufficient to trigger a speculative rally through Gork and the associated tokens.
The result was… Well, very predictable: Gork increased by more than 80% to $ 0.0832, according to Coingecko. It has since been back at $ 0.0538 but remains positive during the day. The market capitalization has briefly crossed $ 80 million before paying around $ 53 million.
- Gork Price. Source: Coingecko
The brand image of Gork is based on Grok, the chatbot AI developed by the Musk company, XAI, positioned as an irreverent alternative to Chatgpt and integrated directly into X. Despite no formal link between Musk and the token, the change in its profile was enough to trigger a speculative frenzy.
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To date, the main value proposal of Gork is its status as a meme. There is no intrinsic product, service or utility. However, the Gork community on x Has floating ideas for future guidelines, including community voting donations, access to exclusive digital illustrations or NFT, and potential integration in a game based on blockchain.
Beware of the crooks, however, because there are many imitators who try to defraud users while the beaten media takes control of social media. In the past 24 hours, there has been a flood of tokens inspired by Gork launched overnight, seeing intraday gains between 4,000% and 7,000% while traders rushed to capitalize on the media.
The Gork community on X warned against the increase in copy tokens and their fraudulent.
Elon Musk's same past
Last year, Musk changed his avatar X to “Kekius Maximus”, a frog on the Roman theme in armor. The Kekius obscure frog currency embarked on a rally of 4,000% within 24 hours.
Retail merchants have transformed the entries of less than $ 100 into seven -digit victories. But the summit did not last. Once Musk removed the image, Kekius crashed 60% in one day. It is now down almost 90% compared to its January summit.
