The new meme token GORK, launched just four days ago, has gained attention due to Elon Musk's name change to 'gorklon rust'. The token is rapidly evolving but faces challenges in reaching a market cap of $100 million.
Elon Musk's Support
Elon Musk has not explicitly promoted the GORK token; however, his activity on social media has attracted attention to this new cryptocurrency. It is reminiscent of his past approach when he changed his avatar to 'Kekius Maximus,' leading to a surge in that cryptocurrency.
Surge in Buying from Whales
Over the past few days, GORK has attracted significant buying volumes, resulting in several price jumps. Alphanomics data confirms that the token has become one of the most actively traded on Solana’s decentralized exchanges, with $134 million swapped in the last 24 hours.
Future Prospects of GORK
The current market capitalization of GORK is $66 million. In the future, considering Musk's influence and potential listings on centralized exchanges, the token could increase its capitalization, but the path to a $1 billion valuation remains challenging.
GORK, as a new contender in the meme token market, has growth potential; however, it faces a number of difficulties and uncertainties related to current market conditions.
