Musk Strikes Again: Meme Coins Go Wild, Then Crash! 😱

TL;DR

• Elon Musk’s latest antics on X sent obscure meme coins soaring to absurd heights—until they crashed back down faster than you can say “volatile.”
• The erratic nature of these coins proves once again that investing in memes might just be a hilarious gamble, but not one to be taken seriously.

Elon Musk Strikes Again… With Memes! 😏

Elon Musk, a man whose wealth could probably buy him a few planets (if he wanted), decided to flex his crypto-market muscles once again. This time, he updated his profile on X (you know, formerly Twitter, but we don’t need to get into that) to “gorklon rust” and slapped on the logo of New XAI Gork (GORK) as his profile picture. This absurdity sent the price of GORK rocketing by 75% to a whopping $0.0832. No joke.

But wait—before you start dreaming of early retirement, reality hit hard. GORK’s value quickly tumbled back down to $0.0678, but hey, it was still up for the day. Market cap? It briefly spiked above $80 million, but it’s now cruising around $67 million. Nothing says “unstable” quite like meme coins.

A Previous Meme Coin Mishap

Remember a few months ago when Elon Musk changed his X profile to Kekius Maximus, a frog in ancient Roman armor? No? Well, it happened. And of course, the price of the frog-themed meme coin KEKIUS shot up by nearly 4,000% in a single day. Of course, this sudden surge had traders buying in like they were at a clearance sale on crypto. Some lucky folks turned a few bucks into millions.

But as is tradition with Musk’s meme coin chaos, the ride didn’t last. Once Musk dropped his Kekius Maximus persona, KEKIUS’s value dropped faster than a rock in a pond. In fact, it crashed 60% within 24 hours and has been in freefall ever since. The once-promising coin is now down a staggering 90% from its peak. Don’t you just love the smell of speculative bubbles?

So, what have we learned? Meme coins are like firecrackers—fun at first, but they burn out fast and leave a mess. If you’re considering getting into this high-risk, high-reward game, be sure to do your research. And only invest what you’re prepared to lose, because, let’s be honest, it’s a coin flip at best.

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2025-05-05 16:23