Elon Musk's CZ Meme Post Sends Green Morning (GM) Memecoin Up More Than 500%
Key Takeaways
- •Elon Musk replied on X to a post from Dogecoin co-founder Shibetoshi Nakamoto using a meme image of Binance founder Changpeng Zhao (CZ).
- •The Green Morning (GM) memecoin rose more than 500% in a short period after the exchange and traded at approximately $0.005, based on CoinMarketCap data cited in a Nov. 6 Hokanews report.
- •The meme is believed to be a red-toned version of a green-toned selfie that CZ shared in September, an image associated with the GM token's existing theme.
- •Musk's posts have a documented history of being followed by sharp price swings in Dogecoin, giving his exchange with Nakamoto added weight among crypto traders.
- •The reported price movement alone does not confirm how long the rally will last, with trading volume and aggregator prices identified as the clearest signals of sustained activity.
A meme image shared by Elon Musk featuring Binance founder Changpeng Zhao, widely known as CZ, triggered a sharp rally in the Green Morning (GM) memecoin, with the token gaining more than 500% in a short period, according to a Nov. 6 report carried by Hokanews.
The price increase followed an exchange between Musk and Dogecoin co-founder Shibetoshi Nakamoto on X (formerly Twitter). Musk responded to Nakamoto's post with an image featuring CZ, drawing renewed attention to the GM memecoin.
How Elon Musk's Post Brought Attention to GM
Nakamoto had posted a message from Japan, writing: “Good morning everyone from Japan! I just woke up, let's check out the market situation!”
Musk replied to the post using an image of Binance founder CZ. According to the report, the meme is believed to be a red-toned version of a green-toned selfie that CZ shared in September. That earlier image is associated with the Green Morning memecoin, giving Musk's post a direct link to the token's existing theme.
The exchange resonated in crypto circles because Musk's posts have a well-documented history of being followed by sharp swings in Dogecoin, the memecoin Nakamoto co-created. For a small token like GM, a single post from an account with Musk's reach can put it in front of an audience far beyond what its own community generates on its own.
GM Memecoin Rallies More Than 500%
Following the social media exchange, Green Morning recorded a rapid price increase. CoinMarketCap data cited in the report showed the token gaining more than 500% in a short period and trading at approximately $0.005.
Moves of this size are a recurring feature of the memecoin sector, where valuations rest more on social attention and community sentiment than on underlying fundamentals, leaving smaller tokens prone to outsized percentage swings.
The episode highlights how posts from high-profile figures can draw sudden attention to smaller cryptocurrency tokens. However, the reported price movement alone does not establish how long the rally will last. In the absence of further posts from either figure or new developments around the token, the clearest signals for observers will be trading volume and the quoted price on aggregators such as CoinMarketCap, which indicate whether activity persists beyond the initial spike.
Source: BitcoinSistemi, via Hokanews.
