$GORK Faces Selloff After Elon’s Profile Switch — But the Story’s Not Over Yet
The memecoin markets thrive on momentum, narrative, and attention—and few things shake the room like a sudden Elon Musk profile change. When Elon updated his X (formerly Twitter) name and profile picture to “Kekius Maximus,” the ripple effects were immediate. While one memecoin, $KEKIUS, exploded to new highs, $GORK—once the darling of Musk-inspired memes—took a hit, posting double-digit losses on the day.
But despite the price drop, the data reveals a more nuanced picture.
The Numbers Still Impress
At the time of writing, $GORK is trading at a $21.5M market cap with a whopping $59.19M in 24-hour trading volume. That’s a volume-to-market cap ratio of 273%, an exceptionally high figure even by memecoin standards. Regardless of the current red candles on the chart, this level of trading activity suggests that $GORK is far from dead.
Whether some of the volume is organic or partially botted can be debated—but the key takeaway is that liquidity remains strong, and the token is still actively traded. In a sector where many coins struggle to hit a $1M daily volume, $GORK continues to demand attention.
A Closer Look at the Chart
Price-wise, $GORK is currently hovering around the $0.020 level, a zone that has acted as a critical support since the major selloff on May 6th, when the coin dropped from its all-time high of $0.095.
Since then, the price action has been largely sideways, forming what appears to be a triangular consolidation pattern. These setups usually lead to a significant move once the pattern resolves. According to the current setup:
A daily close above $0.032 could serve as a breakout trigger, potentially sending $GORK into a new short-term uptrend.
Conversely, a close below $0.016 would invalidate the structure and likely lead to further downside pressure.
With memecoins, technical levels are often respected less due to fundamental catalysts (or memes), but in $GORK’s case, the chart structure aligns with what traders often look for during accumulation phases.
Is This the End or Just a Temporary Shift?
$GORK’s decline might seem dramatic, but it’s also worth noting that Elon didn’t “diss” the token—he simply pivoted to a new meme. In typical fashion, attention shifted rapidly, and $KEKIUS was the new star of the show. However, memecoin cycles are notorious for rotating quickly, and former leaders often return to the spotlight when the next wave hits.
The liquidity, volume, and ongoing community interest surrounding $GORK suggest that it isn’t disappearing anytime soon. In fact, the project could be setting up for a comeback if sentiment swings back in its favor or if Elon once again decides to reference it—directly or indirectly.
Final Thoughts
The memecoin world is volatile, narrative-driven, and incredibly fast-moving. $GORK’s recent pullback may look painful, but the underlying metrics suggest strength beneath the surface. With volume still surging and chart support holding (for now), $GORK is still very much a player to watch—especially in an environment where Elon’s next meme could spark another surprise rally.
Keep your eyes on the chart—and your meme radar sharp.
