On Friday, a new meme coin called 'GrokCoin' emerged following a suggestion from Elon Musk's AI model, Grok. The AI, native to Musk's X platform, proposed the name, leading to the immediate creation of a Solana-based token. GrokCoin (GROKCOIN) rapidly surged to a $24 million market cap within 90 minutes, later peaking at nearly $35 million before falling to approximately $11 million. This mirrors previous instances where AI-generated ideas led to meme coin creation, such as Fartcoin, which once reached a $2.5 billion market cap in January. While GrokCoin is not officially affiliated with xAI, it highlights the ongoing trend of AI-inspired meme coins, though the initial fervor around such tokens has cooled since January. Other AI-inspired meme coins like Aixbt, Fartcoin, and GOAT have seen significant declines from their peaks.
Elon Musk's AI 'Grok' Sparks New Meme Coin 'GrokCoin' Surge to $35 Million Market Cap
Edited by: Yuliya Shumai
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