One, Musk's legacy of meme coins: The iteration from DOGE to GORK
1. The 'undying myth' of DOGE
Since Musk's strong push for Dogecoin (DOGE) in 2021, its market value has remained in the top ten for a long time. In May 2025, DOGE's price fluctuated around $0.16; despite Musk's influence declining in recent years, news of his attendance at the Saudi-U.S. investment forum still pushed DOGE to rise 7% in a day. Market consensus holds that DOGE remains a symbol of Musk's 'king of meme coins' status, but its volatility has decreased from 30% daily fluctuations in 2021 to 5%-10%.
2. The rise and fall of the new darling GORK
- Viral explosion: In early May 2025, Musk changed X platform's nickname to 'Gorklon Rust' and updated his avatar to a Grok AI-themed image, directly boosting the market value of the Solana-based meme coin GORK from $45 million to $75 million, but it quickly fell back to $35 million.
- Liquidity predicament: GORK has a total supply of 1 billion, with the top 100 wallets controlling 58.8% of the supply, leading to selling pressure that makes it difficult for prices to sustain. Although it has been listed on exchanges like Gate.io and KuCoin, the lack of actual applications has reduced it to a short-term speculative target.
Two, AI-driven token experiments: The fleeting nature of DRB and GrokCoin
1. The controversy of Grok's 'self-issued token'
In March 2025, Musk's AI model Grok participated in the issuance of the DebtReliefBot (DRB) token, suggesting a token name and igniting market frenzy. The price of DRB surged 965% at one point but then plummeted after Grok denied involvement in promotion, ultimately settling at a 167% increase. This incident exposed the regulatory vacuum in the intersection of AI and cryptocurrency, also raising community concerns about 'robots manipulating the market'.
2. The trend of following GrokCoin
After Grok suggested naming it 'GrokCoin', the similarly named token on the Solana chain saw its market value surpass $30 million within two hours, but the lack of direct endorsement from Musk led to a rapid price decline. Such projects rely on AI narratives, but their actual value is nearly zero, becoming tools for institutions to harvest retail investors.
Three, X platform and 'national strategic reserve': The compliance narrative of Bitcoin and DOGE
1. X platform's cryptocurrency ambitions
In early 2025, code leaks from the X platform indicated plans to integrate Bitcoin and DOGE as core payment methods. Coupled with Musk and the Trump administration's 'national strategic Bitcoin reserve' plan, Bitcoin once broke through $95,000, and DOGE's market value returned to the seventh position. If X's payment function is implemented, Bitcoin could become a core asset for institutional allocation, while DOGE, with its low transaction fees, would occupy small payment scenarios.
2. Potential catalysts from the Saudi summit
On May 13-14, Musk attended the Riyadh Investment Forum, where a $600 billion capital deployment may involve cryptocurrencies. BlackRock CEO Larry Fink's Bitcoin ETF layout and Zuckerberg's metaverse plan will drive ETH to continue breaking through.
Four, market immunity and risk escalation: The diminishing marginal influence of Musk
1. The 'resistance' of meme coins
In 2025, Musk's social media maneuvers will have a significantly reduced impact on the market. For example:
- KEKIUS case: By the end of 2024, Musk's name change drove KEKIUS to soar 3000%, but the price plummeted 97% after reverting to the original name.
- HARRYBOLZ failure: The token's market value only reached $9.5 million after a name change in February 2025, far less than DOGE's glory.
2. Liquidity dispersion and regulatory pressure
- The proliferation of meme coins: Platforms like Pump.fun launch hundreds of new coins weekly, dispersing capital inflow.
- Strengthening SEC review: The U.S. Securities and Exchange Commission has recently launched an investigation into 'tokens with no actual use', facing compliance risks for projects like GORK.
Five, investor strategies: Finding α between frenzy and rationality
1. Short-term opportunity capture
- Event-driven: Focus on Musk's tweets, X platform developments, and Saudi summit progress; DOGE breaking through $0.20 could trigger a short squeeze.
- Technical signals: If GORK stabilizes at $0.05 (support level on Solana chain), it may bounce back to $0.07. Unfortunately, it didn't hold 😅
2. Long-term risk hedging
- Core asset allocation in spot: Bitcoin (50%) + ETH (30%) + Stablecoins (20%), avoiding liquidity traps of altcoins.
- Options protection: Buy Bitcoin put options at high points to address geopolitical black swans.
Conclusion: The final chapter of the Musk era and the budding of new narratives
In the 2025 crypto market, Musk remains an undeniable 'narrative engine', but his influence is shifting from 'deification' to 'instrumentalization'. The dramatic rise and fall of tokens like GORK and DRB reveal the speculative nature of meme coins; meanwhile, the strategic integration of X platform and Bitcoin suggests an acceleration of cryptocurrency's penetration into mainstream finance. Investors need to be wary of high volatility and maintain clarity amid the frenzy—after all, Musk's tweets can ignite the market but cannot give value to a bubble.
