Grok

Elon Musk

A particular Grok token saw price gains likely due to news around the public release of an AI chatbot backed by Elon Musk and his social network X, formerly Twitter. 
The price of <a href="https://crypto.news/grok-tokens-surge-as-elon-musk-debuts-his-new-ai-chatbot/" data-type="link" data-id="https://crypto.news/grok-tokens-surge-as-elon-musk-debuts-his-new-ai-chatbot/">GROK</a>, one of several tokens inspired by Musk’s <a href="https://crypto.news/tag/chatgpt/">OpenAI</a> rival, soared over 16% in 24 hours. Its daily trading volume was around $20 million.&nbsp; 
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 GROK price in 24 hours | Source: <a href="https://coinmarketcap.com/currencies/grok-erc/" target="_blank" rel="noopener">CoinMarketCap</a>
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GROK’s fully diluted market cap stood at $48 million days before the full launch of Grok AI, a chatbot powered by artificial intelligence and said to compete with OpenAI’s chatGPT. It’s important to note that GROK and other similar cryptocurrencies are not affiliated with Musk’s AI venture.&nbsp; 
 You might also like: <a href="https://crypto.news/grok-tokens-surge-as-elon-musk-debuts-his-new-ai-chatbot/"> Elon Musk-styled GROK token buoys over $120m market cap </a> 
Anonymous and pseudonymous developers spun up a handful of GROK-themed coins when Musk announced his plans on Nov. 4. These coins collectively <a href="https://crypto.news/grok-tokens-surge-as-elon-musk-debuts-his-new-ai-chatbot/">rallied</a> over 30,000% at one point.&nbsp; 
On Nov. 13, GROK’s market cap <a href="https://crypto.news/elon-musk-styled-grok-token-buoys-over-120m-market-cap/">reached</a> as high as $120 million before falling sharply due to a post from crypto sleuth ZachXBT. The on-chain investigator highlighted links between previous scam projects and this AI token, leading to the supposed “FUD” surrounding the coin and its developer, who is unknown. 
The project’s backers and supporters assembled on an X Spaces in a bid to debunk ZachXBT’s assertions, arguing that the crypto Sherlock <a href="https://crypto.news/grok-whales-decry-supposed-fud-from-crypto-sleuth-zachxbt/">published</a> incorrect information regarding GROK and its deployer.&nbsp; 
 You might also like: <a href="https://crypto.news/grok-whales-decry-supposed-fud-from-crypto-sleuth-zachxbt/"> GROK whales decry supposed FUD from crypto sleuth ZachXBT </a> 
Musk said his Grok AI should roll out to all X premium users between Nov. 26 and Dec. 2, 2023. 
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 Yeah. Grok should be available to all X Premium+ subscribers next week.— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1727141345876402236?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2023</a>
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While generally unrelated to mainstream AI efforts, crypto AI tokens have become a trending narrative for digital asset participants and have attracted over $6 billion per CoinGecko data. 
 Read more: <a href="https://crypto.news/ai-tokens-gain-traction-as-sam-altman-heads-back-to-openai/"> AI tokens gain traction as Sam Altman heads back to OpenAI </a>

GROK token surges 16% ahead of Elon Musk’s Grok AI launch

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