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GrokCoin, the self-named memecoin linked to Elon Musk’s AI chatbot Grok, amassed a $20 million market cap within an hour of its launch. The Solana-based token also recorded a trading volume of $100 million following a viral post generated by the chatbot. On March 7, an X user asked the platform’s AI chatbot Grok what it would name its memecoin. The chatbot responded by suggesting the name “GrokCoin,” citing its direct connection to its name and appeal to crypto traders. The AI-generated post also highlighted that memecoins often derive inspiration from internet culture and viral trends, similar to Dogecoin . Shortly after the post went viral, the Solana-based GrokCoin surged to a trading volume nearing $100 million. Its market cap peaked at $20 million before settling between $15 million and $12 million. At the time of reporting, the token had gained nearly 65%, trading at $0.018. According to data from GMGN, GrokCoin maintains liquidity of around $1 million and has a total supply of 1 billion tokens. Since its launch, approximately 12,463 traders have acquired GrokCoin, with net purchases amounting to $180,000. An Ethereum-based token named GROK, which existed before GrokCoin’s creation, also experienced an uptick. Data from CoinGecko shows that GROK saw an 8.2% increase after the AI-generated name gained attention. The Ethereum-based token is currently trading at $0.003. Grok, developed by Elon Musk’s AI startup xAI, is now in its third version, launched in February 2025. Musk has described Grok 3 as the “smartest AI on Earth.” Following its initial announcement in November 2023, multiple GROK-themed tokens surfaced, with some experiencing gains as high as 30,000%. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Aggregated Structure of 4 $XAI orderbooks just changed. There is now 34.32% more asks than bids within a 10% depth. Bids sum: $411,618.51 - Asks sum: $552,875.43 ️⚖️ 🔴️

#JTO 3.77% ($27.93M) - Mar. 7 #MOVE 2.08% ($22.08M) - Mar. 9 #NEON 22.5% ($8.12M) - Mar. 7 #AI 13.3% ($4.15M) - Mar. 4 #XAI 3.37% ($3.12M) - Mar. 9 #TKO 5.89% ($2.55M) - Mar. 7 #GAL 1.59% ($2.51M) - Mar. 5

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