COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: GROK Token: The Rise of a Memecoin Inspired by Elon Musk’s Social Media Platform
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > GROK Token: The Rise of a Memecoin Inspired by Elon Musk’s Social Media Platform
Altcoin News

GROK Token: The Rise of a Memecoin Inspired by Elon Musk’s Social Media Platform

In Brief

  • A token inspired by Grok AI, the artificial intelligence service of Elon Musk’s social media platform X, has reached a market value of $160 million just eight days after its release. With this development, Grok has joined a series of speculative crazes ranging from frog-themed memecoins to hamster races.ContentsWhy is GROK Rising?What is Grok? A […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

A token inspired by Grok AI, the artificial intelligence service of Elon Musk’s social media platform X, has reached a market value of $160 million just eight days after its release. With this development, Grok has joined a series of speculative crazes ranging from frog-themed memecoins to hamster races.

Contents
Why is GROK Rising?What is Grok? A Detailed Review

Why is GROK Rising?

According to the price analysis platform DEXTools, the price of Grok (GROK) has more than doubled in the past 24 hours, bringing its weekly rise to 13,000%. This means that $100 invested in this token has turned into an asset worth $1,300 within a week. GROK token currently has 11,000 investors, and there has been a trading volume of $25 million in the last 24 hours.

This token became the first example of other GROK tokens created in various blockchain ecosystems by developers. It seems that many projects launched after this token either lost value or did not make as much noise as the initial project.

According to DEXTools, despite unrealized gains of over $2.1 million to $6 million, the largest GROK holders continue to hold. With all these developments, the current liquidity for the GROK/USD pair is only $3.5 million as of November 13. This means that a single large sale in this pair could completely reverse the upward trend.

What is Grok? A Detailed Review

Grok, the artificial intelligence-supported chatbot service of the social media platform X, was launched on November 11. The initial impressions of the platform show that it is relatively more uncensored and humor-oriented compared to existing AI-supported platforms, which seems to have helped the platform rapidly gain a cult following.

Anyone in the Web3 space can issue tokens on Ethereum or other blockchain networks by creating a smart contract and paying a few cents. During this process, decentralized exchanges can make these assets instantly tradable, provide liquidity, and make them available for buying and selling shortly thereafter.

With all these developments, ZachXBT, also known as a blockchain detective with a large following on X, warned his followers in a post. According to ZachXBT’s research, an X account named “GROKERERC20” has previously been used as an account for a different scam project.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts

Ethereum Outshines Bitcoin with Impressive Surge

Ethereum Boosts Altcoin Surge with Significant Rally

Sei Network Simplifies Crypto Infrastructure with Ethereum Focus

Tron Nears Critical Resistance Zone with Promising Signs

COINTURK NEWS 13 November, 2023 - 8:29 pm 13 November, 2023 - 8:29 pm
Share This Article
Facebook Twitter
Share
Previous Article How to buy TrueUSD?
Next Article Spanish Securities Regulator CNMV Warns Against Fraudulent Crypto Ads
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Brazil Embraces Bitcoin: Belo Horizonte Leads the Digital Finance Charge
Bitcoin News
Gemini Conquers Europe with Strategic Derivative Offerings
Cryptocurrency Exchanges
Trump Cuts Ties with Lobby Firm Over Digital Asset Controversy
Cryptocurrency News
Lido Finance Empowers stETH Holders with New Governance Proposal
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?