GrokCoin's 24-hour trading volume exceeds $100 million, with over 12,000 holders
Written by: 1912212.eth, Foresight News
On March 7th at around 2 PM, the meme coin GrokCoin surged from a price of $0.0003 to $0.028 since its official launch, achieving a maximum increase of nearly 80 times. What exactly is GrokCoin that has attracted a flood of market funds?
Amid a sluggish market, memes on Solana have been quiet for many days. Data shows that the number of active addresses on Solana dropped to an average of 9.5 million per week in February, down nearly 40% from 15.6 million active addresses in November 2024. Since mid-February, most meme coins have struggled to even surpass the $1 million market cap threshold. However, today, a big player has finally emerged in the meme coin space.
The situation originated from Musk's tweet mentioning his recently popular AI product Grok, where a certain Twitter user asked, "If you were to name a meme coin, what would you call it?"
Grok's response then attracted hundreds of thousands of views and hundreds of likes: "As Grok, I suggest naming the Memecoin 'GrokCoin'—this name is both playful and closely related to my AI identity, and it's also very catchy for players in the crypto space. Memecoins often draw inspiration from internet trends and meme culture, such as Dogecoin, which evolved from dog memes. Meanwhile, the popularity of Memecoins often relies on extensive community interaction, especially on social platforms like X."
GrokCoin quickly came into being. However, to mitigate risks, Grok also wisely pointed out that GrokCoin is not an official project or token launched by xAI; it is merely a Memecoin name proposed by fans, inspired by popular meme coins like Dogecoin. Creating a Memecoin typically involves multiple steps, including smart contract development and community building, while xAI is currently focused on the research and development of artificial intelligence technology and will not launch any cryptocurrency projects.
It is worth mentioning that subsequently, some well-meaning individuals guided Grok to post a Pump link in the comments, but perhaps considering various negative factors, the original tweet was quickly deleted.
As of the time of writing, GrokCoin is priced around $0.015, with a market cap of over $15 million and a 24-hour trading volume exceeding $100 million, with over 12,000 holders. Investors should pay attention to risk control when participating.
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