$GORK Drops Below $50M Market Cap Amid Declining Memecoin Trading Volume
The memecoin market, known for its high volatility and short-lived hype cycles, is currently experiencing a significant contraction in trading activity — and $GORK is no exception. Once the poster child of speculative runs and viral momentum, $GORK has now dropped below a $50 million market cap, reflecting both a wider slowdown in the sector and changes in liquidity distribution.
Volume Plunge Impacts Market Cap
According to the latest trading data, $GORK’s 24-hour volume has decreased by 45%, falling from recent highs down to $108 million. This decline in activity has dragged the token’s market cap down nearly 40%, now sitting at $42 million.
The drop is notable not just in terms of numbers, but also in its implications. In a market where volume often precedes price movement, this sharp reduction in trading suggests that traders and speculators may be rotating out of memecoins or reallocating funds into other altcoins or sectors amid broader market uncertainty.
Liquidity Shifts: From DEX to CEX
Perhaps even more significant than the drop in price and volume is the shift in $GORK’s liquidity landscape. Until now , $GORK was traded predominantly on decentralized exchanges (DEXs), particularly Pump.swap, where it gained traction as a grassroots token.
However, the current data tells a different story:
Bitget has emerged as the leading exchange for $GORK trading, now accounting for nearly 20% of the total volume with over $21 million in daily trades.
Gate.io follows closely, capturing about 18% of the volume with nearly $19 million.
Pump.swap, once the dominant player in $GORK’s liquidity network, has now slipped to third place, accounting for just 15% of volume with around $16 million.
This migration from DEXs to centralized exchanges (CEXs) marks a pivotal shift in the token’s trading dynamics. It may signal growing interest from more mainstream or institutional traders who favor the execution speed and interface of centralized platforms. Alternatively, it could be an indication that earlier community-driven DEX liquidity is drying up as sentiment cools.
Market Context: The Memecoin Slowdown
$GORK’s performance mirrors a broader trend within the memecoin market. As global trading volume in the sector continues to decline, many tokens are losing momentum. Hype-driven rallies are becoming less frequent, and liquidity is concentrating around fewer assets and exchanges.
For $GORK, this contraction means that maintaining relevance and visibility will become increasingly difficult unless a new narrative or catalyst emerges. While the token still commands a relatively high trading volume compared to its peers, the current drawdown shows how quickly sentiment can reverse in the memecoin space.
