The newly launched Solana based XAI Gork price surge favors holders amid market turmoil.

The newly launched Solana based XAI Gork price surge favors some amid market turmoil. As the rest of the cryptocurrencies attempt to recover from recent crashes, this Solana coin GORK is booming with gains, benefiting investors. One crypto trader alone made $300k in just five hours. Let’s discuss.

XAI Gork Price Surged 191x In 24 Hours

According to the DEXSCREENER, the Solana-based coin, GORK is trading after a nearly 20,000% surge in the last 24 hours. It currently trades at $0.035 and has a market capitalization of $35.9M after XAI Gork price rally. Additionally, its trading volume of $16.3M showcases high crypto investor trading activity.

Interestingly, this surge came amid alleged GORK token’s listing on the Moonshot exchange, adding to its visibility among investors. One crypto trader managed to turn their $1.5k investment into $295k within just a few hours, making a 191x profit.

As revealed by Lookonchain in an X post, the trader used $1,513 to buy 7.24M GORK tokens at 0.21x times. The trader already sold 3.86M GORK and is holding the remaining 3.38M tokens ($162.3k) at an average price of 0.4x times, according to the onchain-analytics platform.

Overall the investors’ token bet turned profitable after XAI Gork price rally.

Is GORK Coin A Scam?

The massive GORK price rally and gains immediately drew attention from crypto investors who advanced from this. However, such gains also create concerns about the possibility of a scam, as many newly launched tokens are resulting in pump and dumps.

More importantly, none of the top crypto exchanges have listed the token yet.

Amid these, a pseudoanonymous crypto trader, Darky alleged GORK coin is scam, citing usage of volume bots to get more people in and dump on the investors.

Moreover, he sarcastically asked users to buy this token to witness the losses. A few others added to his allegation, but these are just anticipations. Investors must research further and trade smartly.

Frequently Asked Questions (FAQs)

1. Why is XAI Gork price rallying today?

2. How is GORK trading now?

3. How much the crypto trader earn from his GORK investment?