Elon Musk pumps fake $Grok crypto Token by 65% within an hour
Elon Musk’s latest tweet acted as a catalyst to pump the trade price of an unofficial token of the Grok AI tool.
Grok is an AI chatbot made by Elon Musk‘s artificial intelligence (AI) firm xAI. It’s inspired by The Hitchhiker’s Guide to the Galaxy and is known for its clever and rebellious responses. Grok can get information in real time through the X platform (formerly Twitter).
On 27 April 2024, Elon Musk shared an image of a robot with the logo “Grok” on the X platform. Grok robot is sitting at a table with thug goggles.
Musk tried to show the influence of his AI chatbot Grok with his latest tweet.
However, this tweet was nothing to do with any crypto-related project or token but still, many people considered this tweet as a bullish sign for the $Grok token.
The trade price of Grok token surged by nearly 65% within an hour. The current trade price of this token is still 37% high over the last 24-hour period.
It is worth it to note that currently three Grok Tokens are trading in the crypto sector but none of them are backed by Elon Musk or his company directly or indirectly.
Many times in the past, Musk said that no existing crypto token was backed or launched by his company. He warned people to remain away from such crypto tokens.
Elon Musk & Dogecoin
In 2020, Elon Musk started to support Dogecoin (Doge) as a best crypto payment digital currency.
Under Musk’s influence Dogecoin is trading in the top 10 market cap assets.
Two weeks ago, Musk tweeted a meme on X and indirectly promoted Dogecoin. At the time, the trade price of Doge surged nearly 7%.
Read also: Vitalik admits Ethereum (ETH) was centralised with Proof-of-Work (PoW) consensus
