Grok token spikes as Elon Musk teases AI chatbot launch

Grok Token increased by 82% on Sunday, probably due to Elon Musk confirming that the Grok 3 chatbot will officially drop on Monday.

At the last check, the token was negotiated at around $ 0.00,5579 with a market capitalization of approximately $ 35.5 million.

Grok 3, built under the Musk technological start-up, is expected to make its debut on Monday at 8:00 p.m. Pacific.

Musk – who supervises Xai with his other leadership roles in Tesla, Spacex, The Boring Company and Doge (the Ministry of Effectiveness of the Government) – boasted on X, which he also owns, that Grok 3 is “AI the smartest on earth ”.

What’s at stake?

Grok 3 enters a battlefield with high issues – and plays a catch -up. It is against the Openai chatpt and the Gemini of Google.

There is also China’s Deepseek, a startup based in Hangzhou, Zhejiang, based in China who sent technological actions three weeks ago.

It remains to be seen if Grok 3 benefits from being under the XAI roof. Although the startup belonging to Musk has obtained a cool $ 6 billion in investors, notably NVIDIA, AMD and Funds of Saudi Arabia and Qatar, it is always an outsider compared to the OPENAI From Sam Altman, who has just rejected the redemption of 97.4 billion dollars of musk.

Links with musk are also drawbacks.

In November 2023, anonymous and pseudonym developers launched several Grok-Copycat coins just days after Musk announced that XAI published its first AI model to a selected group.

These tokens rallied More than 30,000% at a given time, Crypto.News reported at the time.

Since then, controversial comments and Musk’s political approvals have apparently attracted it to supporters of President Donald Trump, but have alienated others. Tesla sales have crash Around the world, and X (formerly Twitter) saw a huge decline Among users from Musk has acquired it.

Maybe the story is different in Xai. Bloomberg reports that the company is estimated at $ 75 billion and is currently trying to raise $ 10 billion in venture capital.