Token Inspired by Musk's Grok AI Surges to $160 Million Market Cap, Highlighting Speculative Frenzy in Cryptocurrency Market
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Elon Musk's AI service, Grok AI, has seen its inspiration-driven token skyrocket to a market cap of $160 million just eight days after its launch. The token has joined one of this year's speculative frenzies, with an increase as high as 13,000%. Currently, the GROK token has 11,000 holders, with a 24-hour trading volume of $25 million. Despite this, the available liquidity for the GROK-USD trading pair is only $3.5 million, which could impact the upward trend of the token. Additionally, there is no actual connection between the Grok AI service and the Grok token.
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