Gork meme coin price surges following Elon Musk's name change on Twitter

Tech Billionaire Elon Musk has recently changed his display name on X. The Tesla CEO and changed his display name from Elon Musk to ‘ Gorklon Rust ’ on X. After this change, a meme coin named Gork has experienced a surge in its value. The name change, which appears to reference Musk's AI chatbot "Grok" and the "Rust" programming language, has sparked significant interest in the cryptocurrency . The Gork meme coin which is present on the Solana blockchain witnessed a sudden increase in its price as traders and investors reacted to Elon Musk’s name change.


Gork meme coin saw 100% increase in priceAfter Elon Musk’ changed his X display name to ‘Gorklon Rust’, the price of Gork meme coin skyrocketed nearly 100% within 24 hours, reaching an all-time high of $0.083 before stabilizing around $0.06274. his phenomenon highlights the considerable influence Musk's social media presence can have on the cryptocurrency market, particularly in the highly volatile meme coin sector.


Elon Musk’s name change on XThe new display name on Elon Musk’s X profile appears to a blend of references. One clear element is "Grok," the name of the artificial intelligence chatbot developed by Musk's own AI company, xAI. The second part, "Rust," likely refers to the Rust programming language, which is reportedly used within xAI's technological infrastructure. This suggests a connection to his AI ventures.

This is not the first time that Elon Musk has replaced his display name on X. Earlier this year, Elon Musk changed is X display name to "Kekius Maximus" and updated his profile picture to feature the iconic "Pepe the Frog" meme holding a video game joystick.

Kekius Maximus (KEKIUS) was a noteworthy player in the cryptocurrency market, attracting significant attention from investors and enthusiasts. As of December 27, 2024, KEKIUS is trading at approximately $0.005667, reflecting a remarkable surge of 497.56% in just the past 24 hours.