Gorklon Rust's Price Soars by 15000%: Gorklon Gains Momentum after Elon Musk Renames X as Gorklon Rust, as Solaxy Pre-Sale Reaches $33.1 Million
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Elon Musk shaking things up with a shocking Twitter move! He changed his profile handle to "Gorklon Rust," and you won't believe the impact this has had on the Gorklon Rust coin's price in the last 24 hours. It's skyrocketed an insane 15,000% to trade at $0.0005968 as of 3:05 a.m. EST, with an enormous trading volume of $20 million!
Check this out:
sup @gork
changed my pp to urs wdyt
- gorklon rust (@elonmusk) May 4, 2025
That's right! This alleged Elon Musk approved crypto coin's name seems to reference the AI chatbot, GROK, from his company xAI, and the programming language, Rust, which seems to be part of xAI's tech infrastructure. Musk also replaced his profile pic with what looks like a twisted version of the Grok logo.
Is Gorklon Rust aiming for a bullish trend reversal?
The recent Gorklon price action looks bearish in the short term with a clear short-term downtrend. While it briefly peaked near $0.002079, the price has since dipped sharply below several key Fibonacci levels.
Currently, the price is hovering close to the 0.786 Fibonacci retracement level at $0.0004523, showing a deep retracement from recent highs. The 50 Simple Moving Average (SMA) is positioned well above the current price, reinforcing the bearish momentum. However, the RSI is currently at 42.80, which is neither overly oversold nor strong enough to indicate an imminent bullish reversal.
Meanwhile, Solana's new project, Solaxy (SOLX), is taking off! With over 725K subscribers, popular YouTube channel 99Bitcoins says this crypto has the potential to fly 100X post-launch.
Solaxy Presale Racing to 34 Million - The Next 100X Crypto?
You've probably heard of Solana's speed and low fees, but have they ever tackled scalability issues consistently? That's where Solaxy comes in! This is the first native Layer-2 solution for Solana, designed to eradicate congestion and enhance scalability while preserving Solana's impressive performance.
Solaxy aims to tackle Solana's network congestion by using off-chain processing mechanisms similar to Ethereum's Layer-2 solutions. By processing transactions off of Solana's main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy's system improves efficiency substantially.
Once launched, Solaxy will provide developers with a platform to build decentralized applications or debut new tokens without interfering with Solana's Layer-1 capabilities. The project has already raised over $33.1 million through its current presale, signaling strong demand in the market.
Get in on the action! Visit the Solaxy website to invest in SOLX tokens now, available for $0.001714 each using BNB, ETH, USDT, or even a bank card. With Solaxy, annual yields can reach an astonishing 121% for SOLX stakers.
Don't miss out! Act quickly to secure your spot before the next presale price hike in just a few hours.
Visit the Solaxy website to get started!
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- Evidently, Elon Musk has displayed a significant influence on the cryptocurrency market by changing his Twitter handle to "Gorklon Rust," which has led to an astounding 15,000% increase in the price of the Gorklon Rust coin in the last 24 hours.
- The impact of Elon Musk's move has been witnessed in the technology sector, as the Gorklon Rust coin's name references AI chatbot, GROK, from his company xAI, and the programming language, Rust, which seems to be part of xAI's tech infrastructure.
- Meaningful investments may be within reach as Solaxy, a promising native Layer-2 solution for Solana, is currently raising funds through its presale. The project has already collected over $33.1 million, signaling strong interest in the market.
- In the world of finance and investing, it's essential to stay updated on the latest happenings, and our Telegram channel offers you the platform to do just that, keeping you in the loop on the craziest crypto happenings.
