Elon Musk Becomes 'Gorklon Rust' — Meme Coin GROK Soars 70%

Elon Musk’s surprise name change fuels a 70% surge in Solana-based GROK token.

May 5, 2025 - 10:30
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Elon Musk Becomes 'Gorklon Rust' — Meme Coin GROK Soars 70%

Elon Musk’s Profile Switch Sparks GROK Meme Coin Rally

Elon Musk, the owner of X (formerly Twitter), has once again shaken the internet — this time by changing his display name to “Gorklon Rust” and directly interacting with the handle @gork. As part of the playful rebrand, Musk also updated his profile photo, triggering widespread speculation across crypto communities.

What followed was a sudden 70% price surge in GROK, a meme coin based on the Solana blockchain. While Musk did not mention the token directly, his history of unintentionally moving markets — from Dogecoin to GameStop — makes this event no surprise to seasoned observers.

Why did the market react?

  • Musk's playful references often act as indirect endorsements.

  • His previous interactions have triggered massive spikes in meme-related assets.

  • Speculators rushed in, assuming potential attention on the token.

While the GROK token is unaffiliated with Musk or X, this price movement shows how deeply investor psychology is linked to celebrity influence in the crypto space.

Caution for new investors:
As exciting as this may be, meme coin surges often come with high volatility and risk. Do your own research before jumping into the hype.

NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.