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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 GROK, one of several tokens inspired by Musk’s OpenAI rival, soared over 16% in 24 hours. Its daily
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GROK, an X AI-inspired token, lost nearly $100 million in capitalization in the past 24 hours as its developer was linked to previously rug-pulled projects. The token is inspired by, but is completely unrelated, to Grok AI, a chatbot service by Elon Musk-owned X that’s currently in beta testing. Source
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Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise. Source
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GROK on the Base network has reached a $4.32 million capitalization where it has exceeded $3.5 million in trading volumes in the past 24 hours. Anonymous developers have unveiled different GROK tokens on various blockchains over the weekend. The tokens began to pop up after Elon Musk announced the beta launch
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The chatbot currently does not have audio and visual capabilities. xAI stated that these will be added soon to enable broader applications such as real-time interactions and assistance. Elon Musk’s artificial intelligence (AI) startup xAI has released “Grok” – an AI chatbot that can reportedly outperform ChatGPT-3.5 in several academic tests. In
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Blockchain data shows the earliest GROK token was issued early Saturday on Ethereum and reached a market capitalization of $10 million as of Monday morning. It has 4,600 holders, and $10 million worth of the tokens were traded for ether (ETH) in the past 24 hours, data shows. Source
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A recent social media post by crypto pundit MartyParty has sparked renewed interest in the early investment patterns surrounding Solana. This interest
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Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report
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Elon Musk-owned X (formerly Twitter) aims to position itself as a central financial hub, encouraging individuals to consider using it as their primary financial solution instead of traditional bank accounts.According to a report by The Verge, during an all-hands meeting on Oct. 26, Musk expressed his vision for transforming the platform into
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Meanwhile, a run-up in both these tokens has historically marked a local top for bitcoin and other major tokens. “Every time that the price of DOGE starts rising rapidly, there’s a market-wide crash following just moments later,” blockchain analytics firm Santiment said in a report last December. Source
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