Grok’s self-named memecoin ‘GrokCoin’ reaches $20 million in market cap

Grokcoin, named Grok, Grok, Grok, accumulated a market capitalization of $ 20 million and a commercial volume of only $ 100 million after its launch.

On March 7, an X user asked the integrated social media social platform of Chatbot Grok how he would name Even. Grok then replied To the question, saying that it would suggest the name “Grokcoin”, citing reasons such as its links with the name of the Chatbot and call it “catchy” sufficient for cryptographic traders.

“The same often inspires trends and internet humor, like Dogecoin (DOGE) The roots of the same dogs of), and can gain ground thanks to community engagement on platforms like X, “wrote Grok in his article generated, he also provided a contract address for the token.

Shortly after the position became viral, the Solana (GROUNDThe token based on) has climbed up to almost $ 100 million in negotiation volume. Its market capitalization bordered up to $ 20 million, before retreating between $ 15 million and $ 12 million. At the time of the press, the token increased by almost 65% and is currently negotiated at $ 0.018.

According to data From GMGN, the token has maintained liquidity of nearly a million dollars and has an offer of token of 1 billion tokens. About 12,463 traders currently hold Grokcoin after its launch, with a net purchase of $ 180,000.

Aside from the self-named grokcoin, there is already a grok token on the market. The token called Grok was launched on Ethereum (Ethn) Long before the creation of Grokcoin. According to Co RingeckoGrok increased by 8.2% after the same has become viral and is currently negotiated at $ 0.003.

Grok is already on its latest update, Grok 3. Launched last February, Grok 3 was built by the technological startup of the owner Elon Musk Xai. Musk said on his X account that Grok 3 is “the most intelligent AI on earth”. When the AI ​​chatbot was announced for the first time by Musk in November 2023, several developers launched Grok-Copycat parts which rallied up to 30,000%.