The billionaire known for previously disregarding cryptocurrency continues to impact the markets with his posts. His latest announcement caused the price of the token with the same name to surge quickly. This is a frequent occurrence with meme coins, and today was no exception.
Grok Coin on the Rise
Elon Musk announced a few minutes ago that his artificial intelligence chat application will be available to all X Premium users. Previously accessible only to Premium+ and in certain regions, Grok will soon be available to all paid X subscribers.
Following this announcement, the GROK Coin price increased by 15%. We have often seen meme coins, derived from Elon Musk’s social media activities or products, fluctuate based on his online movements. Indeed, cryptocurrencies like Floki and Shiba Inu have also seen price increases whenever these terms appeared in his posts. The token in question has no relation to the artificial intelligence application Grok and is seen as a meme by investors chasing speculative trades.
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