Musk effect sets off a crypto craze again: the logic and risk warning of the surge in GORK, DRB and X platform tokens

I. Musk's Meme Coin Legacy: From DOGE to GORK's Iteration

1. DOGE's "Immortal Myth" has maintained its market cap in the top ten since Musk strongly promoted Dogecoin (DOGE) in 2021. In May 2025, DOGE price fluctuated around $0.16, and despite Musk's declining influence in recent years, his attendance at the Saudi-US Investment Forum pushed DOGE up 7% in a single day. Market consensus believes DOGE remains a symbol of Musk's "Meme Coin King" status, though its volatility has decreased from 30% daily swings in 2021 to 5%-10%.
2. The Rise and Fall of New Favorite GORK
   • Viral Explosion: In early May 2025, Musk changed his X platform nickname to "Gorklon Rust" and updated his avatar to a Grok AI themed image, directly driving the Solana-based meme coin GORK's market cap from $45 million to $75 million, before quickly falling back to $35 million.
   • Liquidity Dilemma: With a total supply of 1 billion GORK, the top 100 wallets control 58.8% of the supply, and large holder sell pressure makes price sustainability difficult. Despite listing on exchanges like gate.io and Kucoin, the lack of practical application reduces it to a short-term speculation target.

II. AI-Driven Token Experiments: DRB and GrokCoin's Fleeting Moment

1. Grok's "Self-Issued Token" Controversy In March 2025, Musk's AI model Grok participated in the DebtReliefBot (DRB) token issuance, suggesting the token name and sparking market frenzy. DRB price surged 965% before crashing after Grok denied promoting it, ultimately settling at a 167% increase. This incident exposed the regulatory vacuum between AI and cryptocurrencies, raising community questions about "robot market manipulation".
2. GrokCoin Followin Trend After Grok suggested naming "GrokCoin", a token with the same name on Solana chain reached a market cap of over $30 million within two hours, but the lack of direct Musk endorsement caused prices to quickly fall. Such projects rely on AI narratives but have almost zero actual value, becoming tools for institutions to harvest retail investors.

III. X Platform and "National Strategic Reserve": Bitcoin and DOGE's Compliance Narrative

1. X Platform's Cryptocurrency Ambitions In early 2025, leaked X platform code revealed plans to integrate Bitcoin and DOGE as core payment methods. Combined with Musk and Trump administration's "National Strategic Bitcoin Reserve" plan, Bitcoin briefly exceeded $95,000, and DOGE's market cap returned to seventh place. If X payment functionality materializes, Bitcoin might become a core asset for institutional allocation, while DOGE could dominate small payment scenarios with low transaction fees.
2. Potential Catalysts from Saudi Summit On May 13-14, Musk attended the Riyadh Investment Forum, where the $600 billion capital deployment might involve cryptocurrencies. BlackRock CEO Larry Fink's Bitcoin ETF layout and Zuckerberg's metaverse plan will drive continuous ETH breakthroughs.

IV. Market Immunity and Risk Escalation: Musk's Diminishing Influence

1. Meme Coins' "Drug Resistance" In 2025, Musk's social media operations significantly reduced market impact. For example:
   • KEKIUS Case: In late 2024, Musk's name change drove KEKIUS to surge 3000%, but price crashed 97% after changing back.
   • HARRYBOLZ Failure: The February name change-induced token market cap was only $9.5 million, far from DOGE's glory.
2. Liquidity Dispersion and Regulatory Pressure
   • Meme Coin Proliferation: Platforms like Pump.fun list hundreds of new coins weekly, dispersing capital inflow.
   • Enhanced SEC Scrutiny: The US SEC recently launched investigations into "tokens without practical use", with projects like GORK facing compliance risks.

V. Investor Strategies: Finding Alpha Between Frenzy and Rationality

1. Short-Term Opportunity Capture
   • Event-Driven: Monitor Musk's tweets, X platform dynamics, and Saudi Summit progress; DOGE breaking $0.2 might trigger a short squeeze.
   • Technical Signals: If GORK stabilizes at $0.05 (Solana chain support level), it might rebound to $0.07.
2. Long-Term Risk Hedging
   • Spot Core Asset Allocation: Bitcoin (50%) + ETH (30%) + Stablecoins (20%), avoiding Altcoin liquidity traps.
   • Option Protection: Purchase Bitcoin high-point put options to counter geopolitical black swan events.

Conclusion: The Epilogue of the Musk Era and the Budding of New Narratives In the 2025 crypto market, Musk remains an unavoidable "narrative engine", but his influence is shifting from "god-making" to "toolization". The rise and fall of tokens like GORK and DRB reveal the speculative nature of meme coins; while X platform's strategic integration with Bitcoin suggests accelerated crypto penetration into mainstream finance. Investors must be wary of high volatility and remain clear-headed amidst the frenzy—after all, Musk's tweets can ignite the market but cannot imbue bubbles with value.