GuShiio.com Original title: “AI plays Meme again? Grok personally named “GrokCoin”
Original author: 1912212.eth, Foresight News
BlockBeats Note: As of press time, GrokCoin briefly exceeded US$34 million. Meme coin trading is highly volatile and relies mostly on market sentiment and conceptual hype. It has no actual value or use case. Investors should pay attention to risks.
At about 2 pm on March 7, since its official launch, the Meme coin GrokCoin has surged from US$0.0003 to US$0.028, with a maximum increase of nearly 80 times. What exactly is GrokCoin? Attract market funds to flock in?
With the general market sluggish, memes on Solana have been silent for many days. Data showed that the number of active addresses in Solana dropped to a weekly average of 9.5 million in February, a drop of nearly 40% from 15.6 million active addresses in November 2024. Since mid-February, the vast majority of Meme coins have not even been able to pass the threshold of 1 million market value. But today, Meme coins have finally appeared in a big golden dog.
The cause of the incident came from Musk’s tweet about his recently popular AI product Grok. A special tweet user asked,”If you wanted to name memein, what would it be?”
Grok’s next answer attracted hundreds of thousands of views and hundreds of likes,”As Grok, I suggest naming Memecoin” GrokCoin “-this name is both playful and related to my AI identity is closely related and very catchy for players in the crypto circle. Memecoin often draws inspiration from Internet trends and terrier culture. For example, Dogecoin evolved from dog emoticons. At the same time, the popularity of Memecoin often relies on extensive community interaction, especially on social platforms such as X.”
GrokCoin quickly emerged. However, in order to prevent risks, Grok is also very smart and specifically reminds that GrokCoin is not an official project or token launched by xAI. It is just a Memecoin name proposed by fans, inspired by popular coins like Dogecoin. Creating a Memecoin usually requires multiple stages such as smart contract development and community building. xAI currently focuses on the research and development of artificial intelligence technology and will not launch any cryptocurrency projects.
It is worth mentioning that a busybody subsequently guided Grok to post a Pump link in the comment area. Perhaps considering many negative factors, he quickly deleted the original tweet.
As of the publication, GrokCoin’s current price is around US$0.015, with a market value of more than US$15 million, a 24-hour turnover of more than US$100 million, and more than 12,000 holders. Investors need to pay attention to risk control when participating.
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