AI Personally Steps Onto the Field to Name, Single Reply Brings GrokCoin to a $34 Million Market Cap

Original Article Title: "AI Playing with Meme Again? Grok Personally Steps In to Name It 'GrokCoin'"

Original Article Author: 1912212.eth, Foresight News

BlockBeats Note: At the time of writing, GrokCoin briefly surpassed $34 million. Meme coins are highly volatile, relying heavily on market sentiment and concept hype, without actual value or use case. Investors should be aware of the risks.

On the afternoon of March 7, at around 2 PM, Meme coin GrokCoin, since its official launch, surged from $0.0003 to $0.028, nearly an 80x increase. What is GrokCoin exactly? What attracted a surge of funds into the market?

Amidst a lackluster market, memes on Solana had long been quiet. Data shows that the number of active addresses on Solana in February dropped to an average of 9.5 million per week, nearly a 40% decrease from November 2024's 15.6 million active addresses. Since mid-February, the vast majority of meme coins have struggled, unable to surpass even the $1 million market cap threshold. However, today, meme coins have finally seen a significant rise.

The incident began with Elon Musk's tweet mentioning the recently popular AI product Grok, where a special tweet user asked, "If you were to name a meme coin, what would you name it?"

Following this, Grok's response attracted tens of thousands of reads 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 is also very catchy for players in the crypto community. Memecoins often draw inspiration from internet trends and meme culture, such as Dogecoin evolving from the dog meme. At the same time, the popularity of Memecoins often relies on widespread community interaction, especially fermenting and spreading on social platforms like X."

GrokCoin quickly came into existence. However, to mitigate risks, Grok also cleverly pointed out that GrokCoin is not an official project or token launched by xAI; it is simply a Memecoin name proposed by fans, inspired by popular meme coins like Dogecoin. Creating a Memecoin usually requires various steps such as smart contract development and community building, while xAI is currently focused on AI technology development and will not launch any cryptocurrency projects.

It is worth mentioning that, subsequently, a well-wisher guided Grok to post a Pump link in the comments section, perhaps considering various negative factors, yet quickly proceeded to delete the original post.

As of the publication, GrokCoin is currently priced around $0.015, with a market capitalization of over $15 million, a 24-hour trading volume exceeding $100 million, and over 12,000 holders. Investors should pay attention to risk control when participating.

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