Wild gains in the crypto market have been few and far between in 2025, with volatility cooling off after President Trump’s return and recent political developments like Liberation Day.
But on the night of April 30, a sharp move by one investor reignited memories of last year’s meme coin frenzy.
With just over $1,500, the trader bought into GORK—a Solana-based meme token inspired by Elon Musk’s AI project, Grok. Within five hours, that tiny stake ballooned to nearly $300,000 as GORK surged following a listing on the Moonshot exchange.
The investor wasted no time cashing in, offloading a portion of their tokens for about $133,000 while holding onto the rest—worth roughly $162,000 in unrealized gains at the time of reporting, based on data from GMGN.
GORK is one of several tongue-in-cheek tokens riding the wave of hype around AI and pop culture, a space that’s gone quieter this year compared to 2024’s explosive trends. Back then, speculative trading in meme assets was common, with fortunes made overnight.
The last trade of this scale came during the controversial launch of Trump-themed tokens earlier in the year. Some coins linked to the Trump name had short lock-up periods, sparking debate over insider advantages during the initial pump.
Ethereum could be in trouble if it fails to hold a crucial price level against Bitcoin, according to a popular market commentator.
Ethena Labs is extending the reach of its synthetic dollar, USDe, through a new alliance with the TON blockchain—bringing the digital asset to Telegram’s vast user network.
Canary Capital has submitted paperwork to the U.S. SEC aiming to launch what may become the first spot ETF focused on Sei (SEI), a cryptocurrency tied to the Sei blockchain.
Binance has rolled out new borrowing options for a fresh batch of altcoins, introducing Hyperlane, SIGN, Initia, KERNEL, and WalletConnect to its VIP Loan platform.