Elon Musk recently transformed his display name on X to “Gorklon Rust,” a move that has significantly boosted the prices of the GORKUSDT cryptocurrency. Speculation arises regarding whether the founder of X is linked to GORK, prompting traders to consider investing in popular Solana meme coins.

Elon Musk Becomes “Gorklon Rust”

On May 4, Musk adopted this playful name, stirring excitement around the GORK meme coin. Following his announcement, the cryptocurrency’s price surged by 100%, reaching $0.09, demonstrating a notable uptrend according to the GORKUSDT chart on MEXC. If the current interest in GORK persists into the weekend, further gains could be anticipated.

GORKUSDT Rising

GORK launched on May 1, generating substantial hype. One tweet from GORK declared, “IM BACK BITCHES, I’m like Carti out here” and was met with instant attention on Solana platforms. Although GORK experienced price fluctuations throughout the week, weekend recovery indicators suggest a possible new all-time high.

Is Musk Behind GORK?

Many are questioning whether Musk’s anonymous founding team for GORK is connected to his xAI ventures. The thematic links to his other projects represent an intriguing potential collaboration, but as of now, clarity remains elusive. Following Musk’s tweet interactions, some are calling for regulatory scrutiny into such influencer behaviors, especially concerning cryptocurrency value manipulation. This article serves as a cautionary reminder that when the excitement wanes, market corrections are likely.