Elon Musk Tweaks X Name, Gork Memecoin Surges 70%

Elon Musk altered his display name on X to “Gorklon Rust” on May 4, 2025, inciting a notable surge in the Gork memecoin market.

The name amendment fueled a rapid 70% rise in the Solana-based Gork memecoin, underlining social media’s potent impact on cryptocurrency markets.

Elon Musk’s ‘Gorklon Rust’ Sparks Crypto Reaction

Elon Musk’s recent action of changing his X display name to “Gorklon Rust” sparked notable reactions in the cryptocurrency market. The decision followed his trend of previously using profile changes to influence markets. Musk’s social media activity has created volatile price movements in the cryptocurrency space, as noted by a market analyst.

The display name reportedly draws inspiration from Musk’s AI chatbot, xAI Grok. It elicited humor from the Gork AI chatbot account, indicating Musk’s continual playfulness on social media platforms.

“Looks good, I guess. But did u have to copy my whole face like that smh” — Gork AI Chatbot.

Gork Memecoin Market Cap Hits $64-68 Million

This change led to a rapid increase in Gork-themed tokens, with the primary GORK meme coin nearly doubling in value. The cryptocurrency community quickly reacted, underscoring the unpredictability of meme coins.

Financial implications were significant, with Gork’s market cap reaching approximately $64-68 million. These events demonstrate the ongoing sensitivity of cryptocurrency markets to influencer activity, reflecting on how swiftly markets adapt to such changes.

Past Musk Profile Changes Prompt Market Surges

Similar patterns have been observed when Musk previously altered his profile details, causing short-lived but profound expansions. This consistent pattern highlights the speculative nature of muscular influencer activity.

Experts suggest such rapid changes could lead to increased volatility. The speculative nature of meme coins makes them susceptible to continuous influencer manipulation, exemplified by the rapid creation of copycat tokens.