{"id":25209,"date":"2025-05-05T13:17:44","date_gmt":"2025-05-05T13:17:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25209"},"modified":"2025-05-05T13:17:44","modified_gmt":"2025-05-05T13:17:44","slug":"elon-musk-did-it-again-these-meme-coins-skyrocketed-after-his-interaction-on-x","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25209","title":{"rendered":"Elon Musk Did It Again: These Meme Coins Skyrocketed After His Interaction on X"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">A profile update by Musk on X sent obscure meme coins soaring, proving once again his strong influence over speculative crypto assets.<\/span><\/li>\n<li>However, the peaks of those tokens were short-lived as they headed south just as quickly, showcasing the notorious volatility of the meme coin niche.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-394939\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Musk_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Musk Makes Waves Again<\/h2>\n<p><span data-preserver-spaces=\"true\">One of the wealthiest people on the planet is known for his ability to impact crypto markets with his announcements, comments, and other interactions. Most recently, Musk <a href=\"https:\/\/x.com\/elonmusk\/status\/1919087089276142005\" data-wpel-link=\"external\" target=\"_blank\">changed<\/a> his account name on X (formerly Twitter) to \u201c<\/span><span data-preserver-spaces=\"true\">gorklon<\/span><span data-preserver-spaces=\"true\"> rust\u201d and put the logo of the recently-launched meme coin New XAI Gork (GORK) as his profile picture.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset in question soared by roughly 75% to around $0.0832 (per CoinGecko\u2019s data). In the following hours, GORK retreated to the current $0.0678 but remains in the green on a daily scale. Meanwhile, the token\u2019s market capitalization briefly spiked above $80 million before settling at around $67 million (as of this writing).<\/span><\/p>\n<figure id=\"attachment_394937\" aria-describedby=\"caption-attachment-394937\" style=\"width: 583px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-394937\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK.png\" alt=\"GORK Price\" width=\"583\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK.png 856w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK-300x206.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK-768x527.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/GORK-50x34.png 50w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\"><\/a><figcaption id=\"caption-attachment-394937\" class=\"wp-caption-text\">GORK Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">GORK draws inspiration from the AI chatbot Grok. The latter <\/span><span data-preserver-spaces=\"true\">is developed<\/span><span data-preserver-spaces=\"true\"> by xAI \u2013 a company founded by Musk \u2013 and provides witty alternatives to other AI assistants like ChatGPT. Grok is also deeply integrated into X.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other memes in that category also experienced enhanced volatility after Musk\u2019s actions. $GROK, for instance, surged by double digits. However, that peak was short-lived, and in the following hours, the gains were almost entirely erased.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">One of the Previous Cases<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Several months ago, the price of another meme coin jumped substantially after a similar interaction from Elon Musk. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Towards the end of last year, Tesla\u2019s CEO <a href=\"https:\/\/cryptopotato.com\/pepe-pepe-defies-market-sentiment-with-6-surge-after-interaction-from-elon-musk-details\/\" data-wpel-link=\"internal\">changed<\/a> his profile picture on X to Kekius Maximus, an amphibian wearing ancient Roman armor. The frog-themed meme coin KEKIUS reacted more than positively, with its price skyrocketing by nearly 4,000% in a matter of a single day. Meanwhile, the whopping rally <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/trader-turns-66-into-3-05m-amid-kekius-meme-coin-frenzy\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">allowed<\/span><\/a><span data-preserver-spaces=\"true\"> savvy traders to turn investments of under $100 into millions of dollars.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As in many other cases, though, KEKIUS\u2019s bull run was short-lived. Its valuation <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-meme-coin-crashes-by-60-after-another-elon-musk-interaction-on-x-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">collapsed<\/span><\/a><span data-preserver-spaces=\"true\"> by 60% in <\/span><span data-preserver-spaces=\"true\">the span of<\/span><span data-preserver-spaces=\"true\"> 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 meme coin is now down almost 90% since the peak at the start of the year.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This is another example of the risks and dangers associated with the niche. That said, people contemplating dealing with meme coins should do proper research beforehand and invest only as much as they are ready to part with.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/elon-musk-did-it-again-these-meme-coins-skyrocketed-after-his-interaction-on-x\/\" rel=\"nofollow\">Elon Musk Did It Again: These Meme Coins Skyrocketed After His Interaction on X<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR A profile update by Musk on X sent obscure meme coins soaring, proving once again his strong influence over speculative crypto assets. However, the peaks of those tokens were short-lived as they headed south just as quickly, showcasing the notorious volatility of the meme coin niche. Musk Makes Waves Again One of the wealthiest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25209","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25209"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25209\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}