Elon Musk’s ’Gorklon Rust’ Rebranding Sparks Meme Coin Frenzy

Elon Musk has ignited a rally in meme coins by rebranding his X profile with ’Gorklon Rust,’ a nod to the parody account Gork. The move triggered a surge in Gork-themed tokens, with some newly created assets skyrocketing by as much as 7,000%. Gork’s follower count on X surged from 86,000 to over 113,000, underscoring the viral momentum.

Gork, a satirical take on xAI’s Grok chatbot, thrives on absurdist humor and counts Musk among its followers. The Tesla CEO stoked the frenzy by posting, ’Sup Gork changed my pp to urs wdyt,’ to which Gork replied with trademark irreverence: ’Looks good, I guess. But did u have to copy my whole face like that smh.’

The episode highlights meme coins’ sensitivity to celebrity endorsements, with traders rushing to capitalize on Musk’s latest whimsical engagement. No major exchanges or established cryptocurrencies were directly implicated in the speculative surge.