The post Grok’s self-named memecoin ‘GrokCoin’ reaches $20 million in market cap appeared on BitcoinEthereumNews.com.

Elon Musk’s AI chatbot Grok’s self-named GrokCoin has accumulated a market cap of $20 million and a trading volume of $100 million just an hour after its launch. On March 7, an X user asked the social media platform’s built-in AI chatbot Grok what it would name its memecoin. Grok then responded to the query, saying that it would suggest the name “GrokCoin,” citing reasons such as its ties to the AI chatbot’s name and calling it “catchy” enough for crypto traders. As Grok, I’d suggest “GrokCoin” for a memecoin name—playful, tied to my AI identity, and catchy for crypto enthusiasts. Meme coins often draw inspiration from internet trends and humor, like Dogecoin’s dog meme roots, and can gain traction through community engagement on… — Grok (@grok) March 7, 2025 “Memecoins often draw inspiration from internet trends and humor, like Dogecoin (DOGE) ‘s dog meme roots, and can gain traction through community engagement on platforms like X,” wrote Grok in its generated post, it also provided a contract address for the token. Shortly after the post went viral, the Solana (SOL)-based token has shot up to nearly $100 million in trading volume. Its market cap bounded as high as $20 million, before slipping back between $15 million to $12 million. At press time, the token has gone up nearly 65% and is currently trading hands at $0.018. Price chart for the newly launched GrokCoin, March 7, 2025 | Source: GMGN According to data from GMGN, the token has maintained liquidity of nearly $1 million and has a token supply of 1 billion tokens. Approximately 12,463 traders currently hold GrokCoin following its launch, with a net buy of $180,000. Aside from the self-named GrokCoin, there is already a Grok token on the market. The token called GROK was launched on Ethereum…

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Filed under: News - @ March 7, 2025 9:21 am