Musk strikes again with a new trick, Gork Memecoins surge 7000%, the crypto market is boiling!

Elon Musk has once again refreshed the volatility of the crypto world! On May 4th, he changed the profile name of X to 'Gorklon Rust' and paired it with a rough Gork meme image, instantly triggering a cryptocurrency frenzy. Within 24 hours, the tokens launched around the name 'Gork' skyrocketed by 7000%.

Dozens of Gork-related tokens sprouted up on the blockchain like mushrooms after rain, trading volumes surged, and investors flocked in, regardless of whether they truly understood the meaning of Gork. A token named 'New XAI Gork' surpassed $75 million in trading volume on Solana in just one day, with its market cap soaring to $59.8 million. Another token 'Gorklon Rust' surged by 588%, reaching $22 million in trading volume in a short time, only to rapidly plummet afterwards.

The source of all this is Musk's change. Similar to previous occasions, Musk's every move has turned the crypto market into a speculative frenzy. From Dogecoin tweets to the birth of 'Gork', Musk has inadvertently become the detonator of the crypto market.

Although the prices of these emerging tokens are highly volatile, Musk's 'memecoin effect' remains powerful, and the market continues to be highly sensitive to every move he makes.