Elon Musk, the successful billionaire entrepreneur and CEO of Tesla, has been known to have significant influence over meme coins, like Dogecoin (DOGE), in the past. However, his recent promotion of the “Gorklon Rust” meme coin did not generate as much hype as previous instances, causing speculation on whether Musk’s impact on meme coins is diminishing in 2025.

Observers are questioning Musk's diminishing influence on meme coins, as the GORK token failed to achieve a $100 million market cap despite Musk's involvement. Market analysts have noted that Musk’s recent actions, such as changing his profile picture to promote GORK, have not had the same impact as before, indicating a decline in his ability to drive meme coins to high valuations.

In the past, Musk's endorsement of meme coins like Harry Bōlz and Kekius Maximus has not led to significant market caps, unlike his previous support for Dogecoin, which saw substantial growth in value. Analysts believe that while Musk can still create short-term excitement for smaller meme coins, achieving market caps exceeding $100 million is becoming increasingly challenging. The fleeting gains seen in the GORK meme coin's market cap are a clear example of this trend.

Market experts point out that Musk’s influence over meme coins may not be as potent as it once was, mainly due to the oversaturation of the market with various meme coins. The emergence of numerous copycat tokens, following Musk's moves like Gorklon Rust and Kekius Maximus, has diluted investor interest and trust in these tokens. As a result, Musk's impact on meme coins may not have the same effect on their valuations as it did in the past.