Memecoins parodying xAI's Grok chatbot surged Sunday after founder Elon Musk changed his X profile picture to the satirical avatar.
What happened: In an X post, Musk tagged Grok's parody account Gork, saying, "sup @gork changed my pp to urs wdyt."
Musk changed his profile name to "gorklon rust" and began using a jazzed-up version of Gork’s profile photo with a colorful sunglass as an accessory.
Gork responded to the change, saying “Looks good i guess, but did u have to copy my whole face like that smh.”
Musk's new avatar ignited a sharp rally in meme cryptocurrencies themed around Gork.
Solana (CRYPTO: SOL)-based New XAI gork (Gork) jumped 76% within ten minutes of the X post, according to CoinMarketCap. The coin's market capitalization rose to $75.35 million as of this writing.
Another meme coin, gork AI Agent (GORK), skyrocketed 281% in the last 24 hours.
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Why It Matters: Grok is a conversational artificial intelligence assistant developed by Musk’s xAI that provides human-like answers to queries. It can access real-time knowledge through the web and the X social media platform.
Gork is the parody account of Grok, known for its wit and sense of humor.
This is not the first time Musk changing his X avatar has spurred a rally in cryptocurrencies. Last year, the tech titan changed his profile name to “Kekius Maximus,” sending the memecoin of the same name soaring more than 600% over the next few hours.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.
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Photo Courtesy: bella1105 on Shutterstock.com
