Elon Musk AI Chatbot Grok Inspires 400 Cryptocurrencies
After Tesla CEO Elon Musk launched an AI chatbot called Grok, more than 400 cryptocurrencies with the same name have been created. One token has seen its price surge more than 1,000% since launch, according to data from Dextools.
Easy and Inexpensive Token Creation and Trading
Creating and trading tokens on Ethereum (or other blockchains) is easy and inexpensive. Smart contracts can be invoked by anyone for a small fee, and decentralized exchanges allow tokens to be supplied with liquidity and exchanged right after they are issued.
Grok: A Rebellious AI Chatbot
Grok, Musk’s chatbot creation, draws inspiration from the renowned sci-fi classic “The Hitchhiker’s Guide to the Galaxy” and is known for its audacious demeanor. Musk has announced that Grok will be accessible to premium users on the X platform after extensive trials.
The Rise of Grok-Inspired Token
Data from Dextools shows that the price of the token inspired by Musk’s chatbot is relatively low as is its liquidity, which suggests the rise was associated with the low level of liquidity. The token has over 6,000 holders and has seen a total of little over 56,000 transactions since launch.
Musk’s Entities Have No Plans to Issue Cryptocurrency Tokens
Musk has made it clear that none of his entities, including xAI, have plans to issue cryptocurrency tokens. However, individuals in the crypto space have historically taken advantage of trending news by creating tokens linked to public figures or as a nod to social media banter.
Hot Take: Cryptocurrency Tokens Trending in Relation to Public Figures and Social Media Banter
The rise of cryptocurrency tokens inspired by Elon Musk’s AI chatbot Grok reflects a trend in the crypto space where individuals take advantage of trending news by creating tokens linked to public figures or as a nod to social media banter. This practice highlights the impact of influential figures on cryptocurrency trends.
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