The past weekend saw the introduction of Gork (#GORK ), a meme coin launched on the $SOL blockchain, inspired by xAI’s Grok AI chatbot. Its rise mirrors the ongoing trend of meme coins gaining popularity through social media buzz and community-driven narratives. GORK’s development was made possible by platforms like Pump.fun, which have simplified the process of creating and trading tokens on the Solana network, contributing to the proliferation of meme coins in the market.
Since its launch, GORK has experienced significant volatility, with its market cap reaching around $64 million after a surge in trading volume. This spike was partly fueled by Elon Musk’s rebranding on X (formerly Twitter) to “gorklon rust,” increasing attention on GORK-themed tokens. However, such rapid price movements highlight the speculative nature of meme coins and the risks involved.
The GORK/USDT chart shows an impressive +238.30% surge, bringing the price to 0.06766. The recent low was around 0.0200, with resistance at 0.09346. The RSI indicates a bullish trend, suggesting the potential for further upward momentum, but traders should remain cautious of possible pullbacks. With GORK now listed on major exchanges like Bitget and #bingx , it’s clear that the meme coin is capturing attention in the crypto space. As always, due diligence and careful risk management are key when trading volatile assets like these.
