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Solana Meme Coin GrokCoin In Spotlight As Elon Musk’s AI Grok Names It
A new Solana meme coin is nabbing significant investor attention across the broader market on Friday. GrokCoin, a crypto named by Elon Musk-backed AI Grok, has secured a hotspot on market watchers’ radars amid its burgeoning market value. Notably, soon after Musk’s AI named the token, its market cap skyshot from nearly $147K to $28 million.
Solana Meme Coin GrokCoin: An Emerging Star?
According to an X post by SolanaFloor on March 7, Solana meme coin GrokCoin surged to a $27 million market cap from a mere $146,900 value after Grok suggested its name. Per the X post, the trading volume for the token totaled a whopping $116 million.
CoinGape found that as of press time, the coin’s market cap further burgeoned to $31 million. GeckoTerminal’s data indicated that the Solana meme coin launched via Pumfin traded at $0.03052 today.
How Did Elon Musk’s Grok Name The Coin?
Upon further investigation, it was found that the account ‘0xMoco’ questioned Grok AI on X, “if you were to name a memecoin, what would the name be?” To this, Grok replied, ” I’d suggest “GrokCoin” for a memecoin name.” This chronicle, in turn, made the crypto market abuzz with the rise of GrokCoin, a Solana meme crypto.
Notably, this new token also secured the top spot among coins with the highest intraday transactions on Pump Fun, per GeckoTerminal data. As a result, market watchers are extensively eyeing the new Solana meme coin for profit-booking motives.
Elon Musk’s Grok 3 In Spotlight
On the other hand, it’s worth mentioning that Elon Musk’s xAI recently unveiled Grok 3 chatbot, boasting it to have unparalleled capabilities. With the new AI Chatbot launch, xAI emerged as a prominent rival alongside OpenAI and DeepSeek.
Meanwhile, CoinGape recently reported that Grok3 also predicted that Cardano price could rally to $5 ahead, causing a crypto market buzz. Overall, Elon Musk’s AI appears to have a notable impact on the crypto realm, if not colossal, sparking market-wide discussions over the new coin’s potential ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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