$GROK, a token linked to Elon Musk’s AI machine “GROK,” experienced a remarkable surge of over 60% within the last 24 hours, fueled by recent announcements from the Twitter CEO.
Background and Previous Setback Fueled by Scam Rumors
The token’s market value hit a peak at $120 million on November 13, only to face a significant downturn after cryptocurrency expert ZachXBT exposed connections between $GROK and other questionable initiatives. The resulting “FUD” (Fear, Uncertainty, Doubt) surrounding the coin and its developers led to a rapid decline.
$GROK Token Controversy That Resulted In More than 40% Loss In Value And The Counter-Action
Elon Musk’s Influence Reignited $GROK Token
Despite the previous setback, Elon Musk’s influence on $GROK remains evident, with the token bouncing back with a surge of over 60% and currently trading at $0.0233.
In recent tweets, Musk shared his plans for GROK:
– _”Grok should be available to all X Premium+ subscribers next week.”_ ~ Nov 22.
– _”Grok will improve rapidly, as it is only ~3 months old. Our compute alone will double every ~3 months.”_ ~ Nov 23.
– _”In a few weeks, we will add a ‘Grok, analysis!’ button under ? posts.”_ ~ Nov 26.
Yeah.
Grok should be available to all X Premium+ subscribers next week.
— Elon Musk (@elonmusk) November 22, 2023
$GROK Verification Tag on X Platform
$GROK has also secured a verification tag on the X platform, signaling the continued development of the token under Musk’s influence.
https://twitter.com/GROKERC20/status/1728711241101910435?t=rYVh8VYhMEAULGMSF-gTRw&s=19
Conclusion
Elon Musk’s involvement and the anticipation of new features have revitalized $GROK, showcasing the resilience of the token despite earlier challenges. As Musk’s vision for GROK unfolds, the cryptocurrency community closely watches the developments and innovations surrounding this AI-inspired token. The recent price surge reaffirms the impact of influential figures in shaping the trajectory of specific cryptocurrencies within the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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