A brand new Solana meme coin is nabbing vital investor consideration throughout 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 worth. Notably, quickly after Musk’s AI named the token, its market cap skyshot from practically $147K to $28 million.
Solana Meme Coin GrokCoin: An Emerging Star?
According to an X publish by SolanaGround on March 7, Solana meme coin GrokCoin surged to a $27 million market cap from a mere $146,900 worth after Grok advised its title. Per the X publish, the buying and selling quantity for the token totaled a whopping $116 million.
CoinGape discovered that as of press time, the coin’s market cap additional burgeoned to $31 million. GeckoTerminal’s data indicated that the Solana meme coin launched through Pumfin traded at $0.03052 right this moment.
How Did Elon Musk’s Grok Name The Coin?
Upon additional investigation, it was discovered 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 recommend “GrokCoin” for a memecoin title.” This chronicle, in flip, made the crypto market abuzz with the rise of GrokCoin, a Solana meme crypto.
Notably, this new token additionally secured the highest spot amongst cash with the best intraday transactions on Pump Fun, per GeckoTerminal information. As a consequence, market watchers are extensively eyeing the brand new Solana meme coin for profit-booking motives.
Elon Musk’s Grok 3 In Spotlight
On the opposite hand, it’s price mentioning that Elon Musk’s xAI not too long ago unveiled Grok 3 chatbot, boasting it to have unparalleled capabilities. With the brand new AI Chatbot launch, xAI emerged as a distinguished rival alongside OpenAI and DeepSeek.
Meanwhile, CoinGape not too long ago reported that Grok3 also predicted that Cardano value might rally to $5 forward, inflicting a crypto market buzz. Overall, Elon Musk’s AI seems to have a notable influence on the crypto realm, if not colossal, sparking market-wide discussions over the brand new coin’s potential forward.
Coingape Staff
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