The newly launched Solana based XAI Gork price surge favors holders amid market turmoil. As the rest of the cryptocurrencies attempt recovery from recent crashes, this Solana coin GORK is booming with gains, benefiting investors significantly. One crypto trader alone made $300k in just five hours amidst the token’s rally. Let’s discuss.
XAI Gork Price Grew 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, increasing its visibility among investors. One crypto trader turned their $1.5k investment into $295k within just a few hours, making a 191x profit.
Lookonchain revealed in an X post, that the trader spent $1,513 to buy 7.24M GORK token. Notably, the trader already sold 3.86M GORK and is holding the remaining 3.38M tokens ($162.3k) per the onchain-analytics platform.
Overall the investors’ token bet turned profitable under the XAI Gork price rally.
Is GORK Coin A Scam?
The massive GORK price rally immediately caught crypto investors attention and many 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, no one from the top crypto exchanges has listed the token. 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.
The post Crypto Trader Made $300k As Solana-Based XAI Gork Price Skyrocket 191x, Here’s Why appeared first on CoinGape.
