I. Musk's Meme Coin Legacy: From DOGE to GORK
DOGE's "Undying Legend"
Since Musk endorsed Dogecoin (DOGE) in 2021, it has remained in the top ten by market capitalization. In May 2025, DOGE hovered around $0.16. Despite Musk's waning influence, his appearance at the Saudi-American Investment Forum still drove a 7% price increase. The market consensus is that DOGE remains the symbol of Musk's "meme coin king" status, but its volatility has decreased from 30% daily swings in 2021 to 5%-10%.
The Rise and Fall of New Favorite GORK
Viral Eruption: In early May 2025, Musk changed his X platform nickname to "Gorklon Rust" and switched his avatar to a Grok AI-themed image. This directly propelled the market value of the Solana-based meme coin GORK from $45 million to $75 million, only to quickly drop back to $35 million.
Liquidity Dilemma: With a total supply of 1 billion GORK tokens, the top 100 wallets control 58.8% of the supply. Heavy selling pressure from whales made sustained price growth impossible. Despite listing on exchanges like Gate.io and KuCoin, the lack of real-world utility made it a short-term speculation target.
II. AI-Driven Token Experiments: The Fleeting DRB and GrokCoin
Grok's "Self-Issuance" Controversy
In March 2025, Musk's AI model Grok participated in the DebtReliefBot (DRB) token launch, suggesting the token name and sparking market frenzy. DRB surged 965% but crashed after Grok denied involvement, settling at a 167% increase. This exposed regulatory gaps in AI-crypto combinations and sparked community questions over "robot market manipulation."
The GrokCoin Bandwagon
After Grok suggested the name "GrokCoin," a Solana-based token with the same name reached a market cap of $30 million within two hours. But without Musk's explicit endorsement, the price quickly retreated. Such projects rely on AI narratives but lack real value, becoming tools for institutional harvesting of retail investors.
III. X Platform and the "National Strategic Reserve": The Compliance Narrative of Bitcoin and DOGE
X Platform's Crypto Ambitions
In early 2025, a code leak from the X platform revealed plans to integrate Bitcoin and DOGE as core payment options. Coupled with Musk's and Trump's "national strategic Bitcoin reserve" plan, Bitcoin briefly surpassed $95,000, and DOGE re-entered the top seven by market cap. If X's payment function is implemented, Bitcoin could become a core institutional asset, while DOGE might dominate micro-payment scenes with low transaction fees.
Potential Catalysis from the Saudi Summit
On May 13-14, Musk attended the Riyadh Investment Forum. Among the $600 billion capital deployment, crypto investments are possible. BlackRock CEO Larry Fink's Bitcoin ETF strategy and Zuckerberg's metaverse plans could drive ETH to new heights.
IV. Market Immunity and Risk Escalation: The Diminishing Marginal Influence of Musk
Meme Coins' "Resistance"
In 2025, Musk's social media impact on markets has significantly weakened. For example:
- KEKIUS Case: In late 2024, Musk's name change drove KEKIUS up 3,000%, but it plummeted 97% when he reverted.
- HARRYBOLZ Failure: In February 2025, the token from his name change reached only a $9.5 million market cap, far from DOGE's glory.
Liquidity Dispersion and Regulatory Pressures
- Meme Coin Flooding: Platforms like Pump.fun launch hundreds of new tokens weekly, fragmenting capital flows.
- SEC Scrutiny: The U.S. Securities and Exchange Commission is investigating "useless tokens," posing compliance risks to projects like GORK.
V. Investor Strategies: Finding Alpha Between Frenzy and Rationality
Short-Term Opportunities
- Event-Driven: Monitor Musk's tweets, X platform moves, and Saudi summit progress. A DOGE break above $0.20 could trigger a short squeeze.
- Technical Signals: If GORK stabilizes above $0.05 (Solana's support level), a rebound to $0.07 is possible.
- Long-Term Risk Hedging
- Core Spot Allocation: Bitcoin (50%) + ETH (30%) + Stablecoins (20%) to avoid altcoin liquidity traps.
- Option Protection: Buy out-of-the-money Bitcoin put options to hedge against geopolitical black swans.
Conclusion: The End of the Musk Era and the Budding of New Narratives
In 2025, Musk remains a key "narrative driver" in crypto, but his influence is shifting from "deification" to "instrumentalization." The wild swings of GORK and DRB reveal the speculative nature of meme coins, while X platform's strategic Bitcoin integration hints at crypto's accelerated march into mainstream finance. Investors must stay vigilant against high volatility and maintain clarity amidst frenzy—after all, Musk's tweets can ignite markets but cannot endow bubbles with value.
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