Affected by Musk's post, the classic meme coin gork surged over 520% in a day
Affected by Musk's post stating "Gork returns today," the Solana ecosystem's namesake Meme coin gork experienced a brief surge early this morning. Its market cap skyrocketed from less than $1 million to $14 million, before significantly retreating to approximately $6 million. The token saw a 24-hour increase of 520%, with a trading volume of $20.9 million during the same period. As of now, the token has been online for about 301 days.
It is reported that this Meme coin originated from an account on the X platform that imitates xAI Grok, named "gork" (X: gork), which currently has 349,000 followers. In May 2025, this account gained popularity when Musk changed the X nickname to "Gorklon Rust" and used a Gork-themed avatar, causing the Solana chain's namesake Meme coin gork to see its market cap rise to over $130 million. Additionally, the account on X has not posted any tweets since November 18, 2022, up to today. ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and conceptual hype, and has no actual value or use case, so investors should be aware of the risks.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
