Bitcoin
Bitcoin (BTC)
$67,453.00 0.89051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.40 -0.14985
Ethereum price
BNB
BNB (BNB)
$597.23 0.43567
BNB price
Solana
Solana (SOL)
$179.78 4.20429
Solana price
XRP
XRP (XRP)
$0.6026320 2.05942
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.45324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.53469
Pepe price
Bonk
Bonk (BONK)
$0.0000312 1.14422
Bonk price
Bitcoin
Bitcoin (BTC)
$67,453.00 0.89051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.40 -0.14985
Ethereum price
BNB
BNB (BNB)
$597.23 0.43567
BNB price
Solana
Solana (SOL)
$179.78 4.20429
Solana price
XRP
XRP (XRP)
$0.6026320 2.05942
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.45324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.53469
Pepe price
Bonk
Bonk (BONK)
$0.0000312 1.14422
Bonk price
Bitcoin
Bitcoin (BTC)
$67,453.00 0.89051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.40 -0.14985
Ethereum price
BNB
BNB (BNB)
$597.23 0.43567
BNB price
Solana
Solana (SOL)
$179.78 4.20429
Solana price
XRP
XRP (XRP)
$0.6026320 2.05942
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.45324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.53469
Pepe price
Bonk
Bonk (BONK)
$0.0000312 1.14422
Bonk price
Bitcoin
Bitcoin (BTC)
$67,453.00 0.89051
Bitcoin price
Ethereum
Ethereum (ETH)
$3,493.40 -0.14985
Ethereum price
BNB
BNB (BNB)
$597.23 0.43567
BNB price
Solana
Solana (SOL)
$179.78 4.20429
Solana price
XRP
XRP (XRP)
$0.6026320 2.05942
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.45324
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.53469
Pepe price
Bonk
Bonk (BONK)
$0.0000312 1.14422
Bonk price

GROK tokens surge as Elon Musk debuts his new AI chatbot

grok-tokens-surge-as-elon-musk-debuts-his-new-ai-chatbot
Edited by
Markets
GROK tokens surge as Elon Musk debuts his new AI chatbot

Some tokens that share the same name as Musk’s chatbot Grok surged by more than 30,000% in price, although their legitimacy is unclear.

New shady tokens emerge on the decentralized finance (defi) market as American billionaire Elon Musk unveiled his new artificial intelligence chatbot dubbed Grok.

According to data from DEXTools, around 394 tokens mention GROK in their name to lure inattentive investors.

GROK tokens surge as Elon Musk debuts his new AI chatbot - 1
Fake Grok tokens | Source: DEXTools

Some of the tokens demonstrate an extremely high level of daily volumes, registering millions of dollars worth of crypto.

A token called GrokDogeX is showing a ridiculous 31,000% surge in price over the past 24 hours, even though the token itself was launched on Nov. 5, 2023.

GROK tokens surge as Elon Musk debuts his new AI chatbot - 2
GrokDogeX price surge | Source: DEXTools

Many, if not all, self-developed eponymous tokens that flood the defi market eventually turn out to be scams. They quickly collapse in price, leaving investors with worthless coins.

As per DEXTools, most Grok-aimed tokens appeared on the market shortly after Elon Musk launched his new chatbot to rival ChatGPT and others. It is yet to be seen if deployment contracts of these tokens have hidden features that would cost investors millions of dollars.

It is worth noting that before the launch, Musk took to X to emphasize that “none of my companies will ever create a crypto token.” However, as crypto.news earlier noted, the statement has not entirely ruled out Musk’s interest in cryptocurrencies.

Known for his admiration of Dogecoin (DOGE), a cryptocurrency that started as an Internet meme, Musk has a history of stirring the crypto pot. For example, in 2021, he was reported to have collaborated with DOGE developers for an eco-friendly alternative to Bitcoin (BTC).