Elon Musk-Inspired AI Token Grok Loses Nearly $100 Million in Market Value

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Published inAI News · 1 min read · Nov 15, 2023

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Translated data: Inspired by Elon Musk's Grok AI, the cryptocurrency GROK saw its market cap surge to $150 million within just nine days of its launch. However, it subsequently faced scrutiny from blockchain investigators who questioned the developers' involvement in failed projects. Despite efforts from the Grok community to defend the project and burn tokens to boost confidence, GROK's market cap took a hit on Monday, losing nearly $100 million. Some believers still hold firm to the belief that GROK will succeed and become the next Shiba Inu.

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