- These tokens are reportedly inspired by Grok, an AI chatbot service from Twitter.
- The first GROK token was produced early on Saturday on Ethereum.
As of Monday morning, there were almost 400 unique GROK tokens in circulation, with a total market value in the tens of millions of dollars. This allowed early investors to invest in multiples of their first token purchases.
Several blockchains make it possible for anybody to make a call to a smart contract and issue tokens for a cheap price, and decentralized exchanges ensure that tokens may be issued quickly, provided with liquidity, and traded shortly after.
These tokens are reportedly inspired by Grok, an AI chatbot service from social media platform Twitter that began to roll out on Saturday. According to previews, the service has swiftly gained a cult following since it is more raw and hilarious than its competitors.
Not Best of Intentions
The first GROK token was produced early on Saturday on Ethereum, according to blockchain statistics, and it has already risen to a market worth of $10 million as of Monday morning. Tokens worth $10 million were exchanged for ether (ETH) in the last 24 hours, and there are 4,600 token holders, according to market statistics.
The largest holders of this cryptocurrency are sitting on unrealized profits of over $150,000 after investing just a few thousand dollars in ether initially. With $3.5M in 24-hour trading activity, another GROK on the Base network has a market value of $4.32M.
However, not every release has been done with the best of intentions. Investors have lost over $1 million due to the developers of at least ten separate GROK releases rug pulling, or removing the liquidity of their tokens.
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