Elon Musk, the influential billionaire and Tesla CEO, has been a key figure in the world of meme coins, with his endorsements often causing significant price surges. However, his recent involvement with the 'Gorklon Rust' meme coin led to a rally that fell short of past frenzies. Market analysts are now questioning whether Musk's impact on meme coins is diminishing in 2025. Despite the surge in the Solana-based GORK coin following Musk's promotion, it failed to reach a $100 million market cap. This trend suggests that while Musk can still generate short-term excitement for smaller tokens, pushing meme coins to high valuations may no longer be as achievable. The increasing number of meme coins in the market, along with the emergence of copycat tokens, has diluted the impact of Musk's endorsements and raised concerns about the sustainability of meme coin rallies driven by his influence. Read more AI-generated news on: https://app.chaingpt.org/news