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š„ It's been an explosive weekend in the crypto world as Elon Musk introduced AI, and the result? Over 400 GROK tokens surged onto the market, pushing their combined value past $10 million, with one token soaring by an astounding 1,300%! šøš
š On a fateful Saturday, X (formerly Twitter) unleashed its own generative AI named Grok to take on ChatGPT. Inspired by Musk's vision, this move ignited a frenzy, allowing everyone to jump on the hype train. The outcome? A sudden flood of GROK tokens in the crypto sphere. š
š” Thanks to platforms like Ethereum, anyone can create a smart contract and issue tokens, all for just a few cents. With decentralized exchanges, it's even easier for these tokens to gain liquidity and spread like wildfire. š„
š The very first GROK token, launched early Saturday morning on Ethereum, skyrocketed to a $10 million market value by Monday, with 4,600 holders and a jaw-dropping 1,300% increase. But, a word of caution ā it's seen a 20% dip in the last 24 hours. š
š° Another GROK, this time on the Base blockchain, reached a $4.3 million market value and traded with a whopping $3.5 million volume in just 24 hours. š
š”ļø But, be cautious! These cryptocurrencies have no official connection to Elon Musk's project. Some developers behind these GROK tokens have already executed "rug pull" scams, manipulating assets and draining liquidity to make a quick profit, leaving other investors in the lurch. š
Stay informed and tread carefully in this exciting but risky crypto landscape! š”š°š