Elon Musk's Tweet on Gork Leads to 70% Surge in Memecoin's Value
In a freaky late-night tweet on X, Elon Musk put out, "Yo @gork, I changed my ding-dong to yours, what do you think?" He also switched his profile pic to that of the Solana-based memecoin Gork. This wild move sent shockwaves through the crypto realm.
Pretty soon after Musk's tweet, Gork experienced a whopping price surge of over 70%, temporarily elevating its value to $0.06564. As of the current data, the token has jumped 43.29% in the past 24 hours, with a market cap hovering around $65.64 million. Daily trading volume soared over $200 million, though it witnessed a slight dip by 1.13%.
But the madness didn't end there.
Within a flash of the elapsed hours post Musk's tweet, a slew of fake or parody memecoins branded as Gork started flooding onto pump.fun, a platform infamous for frantic meme coin launches. Most of these imitators boasted minuscule market caps, some settling as low as $4,000, and were whipped up within 12 hours following the viral tweet.
Among these doppelgangers, a couple stood out for sporting higher market caps:
- Gork Musk (GM): Crafted a mere 21 minutes after Musk’s tweet, market cap: $45,195
- Gorilla On Retarded Kangaroo (GORK): Popped up about an hour after the tweet, market cap: $5,374
Despite the juvenile names and diminutive size, these coins have been stealing the limelight merely by clinging onto the viral momentum engendered by Musk.
As ever, traders are advised to be vigilant. The memecoin market moves faster than a cheetah on roller skates, and not every new coin with a catchy name has the chops or authenticity to last.
In other news, rumors swirl that Tron Price is primed for a bullish reversal, potentially pushing TRX crypto to $0.30. Keep an eye on that space!
[1] Enrichment Data: Following Elon Musk's May 5, 2025, tweet referencing "Gork," two memecoins emerged on pump.fun: Gork Musk (GM) and Gorilla On Retarded Kangaroo (GORK). Both coins exhibited high-risk speculative aspects due to their nascent status, lack of regulatory compliance, and dependence on Musk-driven market sentiment. The platform, pump.fun, is known for its speed in launching tokens, often prioritizing speed over substance. The original Gork coin had faced market volatility, with its value surging 70% post-tweet but facing a 1.13% volume decline alongside the proliferation of copycat coins. These coins lacked public roadmaps or unique features, potentially raising concerns about their legitimacy.
- Interestingly, following Elon Musk's tweet on May 5, 2025, two memecoins, Gork Musk (GM) and Gorilla On Retarded Kangaroo (GORK), emerged on the platform pump.fun, showcasing high-risk speculative aspects due to their nascent status, lack of regulatory compliance, and dependence on Musk's market sentiment.
- The original Gork coin, which Musk had referenced in his tweet, experienced a whopping price surge of over 70%, temporarily elevating its value to $0.06564.
- Despite their juvenile names and diminutive size, Gork Musk (GM) and Gorilla On Retarded Kangaroo (GORK) have been stealing the limelight by clinging onto the viral momentum engendered by Musk.
- As ever, investors should be vigilant while dealing with memecoins, as the memecoin market, like technology in finance, moves faster than a cheetah on roller skates, and not every new coin with a catchy name has the chops or authenticity to last.
