Hyperstition #35 — June 19, 2025
GOR's Solana fork plans stir drama, CCM meta heats up, Musk triggers Frog meme war, and more.
Gorbagana token hits $40M on Solana fork plans, slides after dev ‘betrayal’
A memecoin inspired by a Solana branding joke hit a $40 million market cap Thursday amid buzz around a community-led hard fork, before internal rifts cast doubt on the project’s future.
The token, Gorbagana (GOR), launched after Solana co-founder Anatoly Yakovenko jokingly asked Grok AI to imagine a fusion of Mikhail Gorbachev and Solana.
The post, part of a broader thread on decentralization and brand control initiated by crypto lawyer Gabriel Shapiro, prompted dozens of competing coin launches.
One GOR token quickly emerged as the frontrunner after receiving implicit endorsement from Shapiro and a viral X post by Yakovenko.
Rally and retrace
Within 24 hours, GOR climbed from around $1 million to over $40 million in market cap, according to DexScreener.
The rally was supported by Shapiro’s announcement that he and a group of developers were working to turn the token into the basis for a “fork”, or copy, of the Solana blockchain protocol.
“Legit I think GORBAGANA is in a good place... we have, uh, like a plan?” Shapiro wrote Wednesday. “The community has risen up and is building.”
By Thursday afternoon, that momentum began to falter.
Shapiro alleged that a key developer, MidTermDev, had “gone rogue” — launching a new, unaffiliated GOR token and splintering the project.
“I would not put any $ into it,” Shapiro wrote, later stating the developer had “fully rugged.”
The disruption cast doubt over the GOR fork effort and highlighted the risks of ad hoc developer coordination during memecoin surges.
As of writing, GOR trades at roughly $20 million, down around 50% from its peak.
In Other News…
Livestream token meta strengthens, CCM joins the rotation
Livestream-linked tokens on Pump.fun continued their breakout Tuesday as the “creator capital markets” narrative gained momentum and additional tokens rotated into the trend.
Top performers included BASEDD HOUSE (BASEDD), a coin tied to a livestreamed influencer house where participants are voted in or out based on token market cap, and rasmr (rasmr), a token launched by a crypto researcher who migrated his stream from Twitch to Pump.fun.
Both coins reached multi-million-dollar valuations over the past 48 hours. As of June 19, they trade at roughly $3 million and $4 million, respectively.
Also trending was gainzy stream (gnzystrm), which gained renewed interest following the creator’s return to live broadcasts, and Trencher Broadcasting Company (TBC), an AI-generated satire stream that has hit a roughly $1.5 million in market cap.
The trend has gained legitimacy among traders as Pump.fun doubles down on its content strategy. In April, it reinstated livestream functionality for coin creators and followed up with a $1 million “Content Ideathon” in June to fund new show formats.
A legacy token called Creator Capital Markets (CCM), launched in May, also rallied this week after Pump.fun co-founder Alon used the phrase in a viral X post. The token jumped from $30,000 to over $1.2 million in market cap.
Traders appear to be treating CCM as a thematic index play on the broader livestream coin trend.
Elon tweet fuels Pepe–Apu coin war
An Elon Musk X post featuring a popular variation of Pepe the Frog triggered a three-way scramble among meme tokens vying for dominance. The initial leader, pepe wif cig (pwc), peaked near $1.2 million. A rival apu wif cig (apu) coin and a long-dormant Apu Apustaja (APU) token also entered the fray — with the latter spiking from $150K to over $2 million. Apu Apustaja is an satirical derivative of Pepe.
NameEvery taps Tucker meme template, holds mid-cap floor
Name Every Coin (NameEvery), a coin tied to the “Name every ___” meme template made famous by a Tucker Carlson interview with Senator Ted Cruz, briefly topped $800,000 in market cap before retracing. The token has since stabilized around $300K.
By The Numbers
