While much of the crypto market grapples with turbulence and recovery attempts, a newly launched Solana token, XAI Gork (GORK), is defying the trend.
GORK has delivered stunning returns to early investors, including one trader who reportedly turned a modest $1,500 investment into nearly $300,000 in just five hours.
GORK Token Price Explodes 19,100% in a Day
According to data from DEXScreener, GORK surged nearly 20,000% in 24 hours, pushing its price to $0.035 with a market cap now sitting around $35.9 million. The project also registered a robust $16.3 million in trading volume, indicating strong interest among retail and speculative investors.
The rally appears to have been triggered by GORK’s listing on the Moonshot exchange, which amplified visibility and likely contributed to the buying frenzy.
One Trader Nets 191x Gain in Hours
Blockchain analytics platform Lookonchain identified a wallet that purchased 7.24 million GORK tokens for just $1,513. The trader has already sold off 3.86 million tokens, realizing substantial profits, and is still holding a remaining stash worth approximately $162,300 at current prices.
GORK’s sudden surge highlights the speculative nature of the current crypto landscape, especially on Solana, which has become a hotspot for meme coins and low-cap altcoin experimentation. While these tokens can produce overnight success stories, they also carry high risks of volatility and short-lived momentum.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/crypto-trader-turned-1513-into-295000-in-5-hours/