Is $GORK Making a Comeback?
After days decline, $GORK is showing early signs of a potential turnaround. As of today, it’s one of the top gainers in the market, posting an impressive +20% gain and sparking fresh interest across the memecoin and altcoin communities. The question on everyone’s mind: is this just a bounce, or the beginning of a true comeback?
Momentum Building?
$GORK’s current 24-hour trading volume sits at $61 million, while its market cap sits just under $30 million. That’s a volume-to-market cap ratio over 200%, signaling extremely high trading activity relative to the coin’s valuation—a metric often interpreted as a sign of strong speculative interest.
This isn’t a one-exchange phenomenon either. Liquidity is spread across multiple platforms:
Bitget: $12.8M
HTX (formerly Huobi): $11M
Gate.io: $9.6M
Such deep liquidity across top-tier exchanges suggests traders are taking $GORK seriously again, despite the criticism and FUD (fear, uncertainty, doubt) surrounding it.
Technicals Aligning
Source: TradingView
Since days $GORK had been in a consistent downtrend—especially noticeable since May 12, when it began slipping without any meaningful retracement. But now, there’s a key signal flashing green: on the 1-hour chart, $GORK has flipped its Supertrend indicator bullish for the first time in weeks.
Technical traders often view this indicator flip as a buy signal, especially when it coincides with rising volume and sentiment. If the momentum continues, returning to the local highs of $0.061 would imply a 125% upside from current levels. A full retrace to all-time highs would represent over 250% in potential gains—a scenario that is now being actively speculated by degens and bag holders alike.
Sentiment War: Revival or Just Farming?
While the numbers are promising, the sentiment is deeply polarized. Critics argue that $GORK is nothing more than a yield farming scheme, with little utility and no clear narrative. Memecoin purists and skeptics continue to label it “dead on arrival” or “just exit liquidity.”
Yet the token has never dropped below a 200% volume-to-market cap ratio, even during its worst days. That speaks volumes about its ability to command attention and provoke action—whether bullish or bearish. The volatility, attention, and volume keep it alive in the fast-paced memecoin ecosystem.
Final Thoughts
$GORK is clearly not out of the game yet. The price action, volume surge, and renewed technical strength suggest it could be gearing up for another run. Whether it’s a full-blown comeback or a temporary spike remains to be seen—but one thing’s certain: the market is watching.
For those keeping tabs, $GORK just became one of the most interesting tokens to track again.
