Is Elon Musk Losing His Influence Over Meme Coins? Analysts Weigh In

Elon Musk, the billionaire entrepreneur and Tesla CEO, has long been a kingmaker in meme coins. His endorsements have historically sent tokens like Dogecoin (DOGE) soaring. However, his latest “Gorklon Rust” stunt has sparked a rally that, while notable, pales compared to past frenzies. With GORK’s inability to reach $100 million market cap, market watchers are raising questions: Is Musk’s influence over meme coins waning in 2025? Musk’s Meme Coin Influence Isn’t What It Used to Be, Analysts Claim On May 4, Musk’s shift to “Gorklon Rust” and a GORK-themed profile picture on X ignited a surge in the Solana (SOL)-based GORK meme coin source: https://beincrypto.com/musks-influence-on-meme-coins-fading-2025/