Elon Musk’s XAI Ventures recently launched the “Grok” chatbot, and the value of the unknown Grok token has increased by more than 1,300% since its launch.
On November 5, Elon Musk established a new artificial intelligence company, XAI, Already on stage Grok, a new chatbot that competes with OpenAI’s ChatGPT. Although still in beta, the Grok chatbot is designed to be more humorous and uncensored than other chatbots.
Since the company’s founding, nearly 400 AI-related tokens have appeared on multiple blockchains. This has created many speculative opportunities, incentivizing low-cap traders to invest millions of dollars in these tokens, pushing their market caps to all-time highs.
according to data According to data from Dextools, GROK, one of the tokens launched on the Ethereum blockchain, has gained 1,300% since its launch. As of press time, the token has a market capitalization of approximately $10 million and has approximately 4,310 holders. Despite falling 17% in the past 24 hours, its trading volume still reached $7.32 million.
The chart shows the performance of GROK, a token launched on Ethereum from November 4-6, 2023, relative to WETH. source: Right rotation tool
one Token Another GROK created on Saturday currently has a market capitalization of $4.52 million and has 381 holders. In addition, the transaction volume within 24 hours also reached 4.78 million US dollars, an increase of 387.19 %.
Despite the surge in new GROKs on the market, XAI has yet to announce the launch of its exclusive token.
Musk’s impact on the cryptocurrency community
Before and after the acquisition of X (Twitter), Elon Musk continued to maintain a strong influence on the cryptocurrency community. Musk’s actions and tweets have rocked markets over the years.
It’s worth noting that much of Dogecoin’s gains can be attributed to Musk’s actions.
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According to Cryptoslate