Gork is the next hot meme token, boosted by Elon Musk’s new avatar and nickname change. Nevertheless, the tokens struggle to break their $100 million market capitalization.
Elon Musk has backed a new meme that was launched just four days ago. The mask has now renamed the screen to “Gorklon Rust” by linking to the token’s Gorkticker.
Musk does not explicitly promote the token, but uses the social media presence of his distinctive character. In the past, Mask has changed his avatar to attract attention. Cechius max (Cecchius) leads to an almost vertical gathering.
This time, the effect of musk has been further muted. Cechius peaked at $181 million in total market capitalization and now slides to $201 million in market capitalization. Gork is still valued at $66 million, even after several meetings over the past four days.
As the token is known, the new Xai Gork (Gork) is a Solana-based asset and has benefited from a recent return to hot memes. Gork currently trades at $0.066, but relies mostly on a decentralized market.
Gork buys volume from whales and smart money
However, over the past few days, Gork has drawn in a massive amount of purchases, leading to several jumps into a higher range. The duration of the purchase activity has led traders to consider Gorks to be boosted by whales and insider buyers.
Alphanomics data Show Gork is one of the most actively traded tokens in Solana Dex, with $134 million being exchanged over the last 24 hours.
The potential gathering of the Gorks is House Coin (House)and recent Fartcoin recovery. Gork aims to be an absurd token category, but its recent launch means there is no cult community yet. The connection between tokens and masks could lead to future meetings as assets can be closely monitored and can create secondary gatherings.
Gork is still waiting for a focused list as tokens are currently only present on Bybit. Musk’s influence is considered a possible factor in protecting the centralized list in exchanges of tier 1 tops. However, these lists do not guarantee immediate assembly. Some actually use these lists as an opportunity to cache out.
Market capitalization of $1 billion may not be achieved
On the first day of Gork Trading, the top traders won for less than $500,000. Top Traders Shows a pattern to buy dip and sells after the price has improved again.
The Gork is already held by 20,048 owners and there is no significant lock-up wallet. Tokens currently hope to follow the Meme Playbook, which knocks off higher market cap levels with a forecast of between $2 million and $500 million. However, reaching a $1 billion valuation now is not an easy feat for the meme, following months of modest market sentiment and more cautious buyers.
The biggest golf holder is also the whale of the Zerebro AI Agent Project. The Golk is now Wallet Following the most significant investments, it also includes AI16Z, Dark and other AI assets, as well as Popcat Meme tokens.
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