#Grok #ElonMuskTalks #ElonMuskAI #ElonMuskxAIChatbot $BTC $ETH $BNB

A Grok token—not THE token, since it's not officially attached to Elon Musk's recently launched AI service—hit a $160 million market capitalization just eight days after its debut.

But as an 8-day-old meme coin that's not actually issued by the AI chatbot that it shares a name with, it's experiencing a lot of volatility. While this story was being written, the GROK token's market capitalization dropped as low as $78 million according to DexTools.

Its value has soared by 13,000% over the past week, with a doubling of prices in just 24 hours. But to be clear, that means it has reached an all-time high of $0.02, according to CoinGecko. Despite having 11,500 holders and significant trading volumes, the liquidity for GROK-USD is limited, which raises the risk of a price crash if large amounts are sold off.

Meanwhile, Grok—the AI chatbot service launched by social app X, noted for its less censored and humorous nature—has contributed to the token's popularity, despite the tokens themselves being unaffiliated with the actual AI service. The ease of token creation and trading on decentralized exchanges has led to a proliferation of such speculative assets