Elon Musk changed his X name and avatar to “gorklon rust”, which launched a wave of speculation on tokens related to the parody AI bot Gork. According to Dexscreener, tokens inspired by this image rose as much as 7000% in 24 hours, but as always, quickly began to lose value.
Another Hype Wave from Musk
On May 4, Elon Musk changed his display name on X to “gorklon rust” and updated his profile picture to match the parody AI character Gork. In a post, he directly addressed the bot: “Sup Gork changed my pp to urs wdyt.” The bot replied, “Looks good, I guess. But did u have to copy my whole face like that smh.”
Gork is a humorous spin on the artificial intelligence Grok developed by Musk’s company xAI. Known for its absurd communication style, the account has built a loyal audience. Following Musk’s name change, Gork’s follower count surged from 86,000 to over 114,700.
Meme Coin Surge and New Token Launches
In response to Musk’s actions, the token New XAI Gork (GORK) surged 58.7% to $0.083, pushing its market cap past $64 million. As a result, the coin climbed to second place on CoinGecko’s trending list. However, the price later corrected and at the time of writing, GORK is trading at $0.062.
The market reacted immediately, and users began launching similarly named tokens. According to Dexscreener, some of these showed explosive gains ranging from 4,000% to 7,000%.
However, as is often the case in the meme coin world, the rally was short-lived. Within an hour of peaking, several tokens crashed by over 90%. This rapid price drop highlights the risks of such investments — excitement is often followed by a sharp cooldown.
History Repeats Itself
Similar hype-driven spikes have followed previous meme antics from Musk. In early 2025, his temporary persona “Kekius Maximus” triggered the launch and 6,000% surge of the token KEKIUS.
In February 2025, changing his handle to “Harry Bolz” resulted in the token HARRYBOLZ climbing 40,000%.
Once again, a change in Musk’s profile picture and a few words in a post sparked a short-lived speculative race. The subsequent rapid decline in prices served as a reminder that in the world of meme coins, hype turns to collapse as quickly as a profile name is updated.
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