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- Elon Musk’s AI Chatbot-inspired token GROK sees a 650% surge inside 24 hours.
- Nameless crypto builders are the crew behind GROK meme tokens.
- Elon Musk has reiterated that his corporations won’t ever create crypto tokens amid the continual launch of memes cash utilizing his status.
GROK, a cryptocurrency named after Elon Musk’s AI Chatbot Grok, has witnessed a exceptional ascent, recording a 650% enhance in a mere 24-hour timeframe. This dramatic rise within the token’s value coincides with the latest launch of Grok.
Particularly, following the discharge of Grok over the weekend, nameless crypto builders pushed out sure quantities of GROK tokens to the general public. These tokens quickly achieved a market cap within the thousands and thousands, yielding substantial returns for early buyers who had acquired them at decrease costs.
Notably, a report prompt that Elon Musk named his AI chatbot Grok after a personality from the basic sci-fi sequence “The Hitchhiker’s Information to the Galaxy,” recognized for its cheeky demeanor.
It’s price stating that GROK has no affiliation with Elon Musk or any of his corporations. Emphatically, in a latest assertion, the tech billionaire firmly asserted that his corporations won’t ever create a cryptocurrency. The clarification got here following the looks of a meme token named XAI.
The emergence of the XAI token coincided with Musk’s announcement of his new synthetic intelligence enterprise, xAI, the corporate behind the beta model of the Grok system. In response to the unfolding occasions and potential confusion amongst buyers, Musk said: “To be tremendous clear, none of my corporations will ever create a crypto token.”
In the meantime, XAI and GROK aren’t the one situations wherein opportunist builders have unveiled meme cryptocurrencies banking in Elon Musk’s status and actions. After the rebranding of Twitter to X, a meme token with the identical identify, “X,” emerged. This comical coin skilled an astonishing surge of over 10,000% inside the first 24 hours of its launch.
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