Elon Musk’s AI chatbot, Grok, has unintentionally sparked a crypto frenzy after its self-named memecoin, GrokCoin, reached a market cap of $20 million and a trading volume of $100 million within just an hour of launch.
How GrokCoin Was Born
On March 7, 2025, an X (formerly Twitter) user asked Grok what it would name its own memecoin. In response, Grok suggested the name “GrokCoin”, citing its ties to the AI chatbot’s name and calling it “catchy” enough for crypto traders. The AI-generated response quickly gained traction:
“Memecoins often draw inspiration from internet trends and humor, like Dogecoin’s dog meme roots, and can gain traction through community engagement on platforms like X.” – Grok
Grok even provided a contract address for the token, which further fueled investor speculation.
GrokCoin’s Meteoric Rise
Within minutes of the viral post, the Solana-based token surged to nearly $100 million in trading volume. While its market cap initially peaked at $20 million, it later fluctuated between $15 million and $12 million. At press time, GrokCoin is up 65%, currently trading at $0.018.
According to GMGN data, GrokCoin maintains nearly $1 million in liquidity and has a total supply of 1 billion tokens. Currently, 12,463 traders hold GrokCoin, with a net buy volume of $180,000.
The Original GROK Token Also Surges
While GrokCoin is making headlines, an Ethereum-based token named GROK—which launched long before GrokCoin—also saw a price increase. According to CoinGecko, GROK surged 8.2% following the GrokCoin hype and is now trading at $0.003.
Grok’s AI Evolution & Memecoin Mania
Grok is already on its third major update, Grok 3, which launched in February 2025 under Elon Musk’s AI startup, xAI. Musk has claimed that Grok 3 is the “smartest AI on Earth”.
Interestingly, when Musk first announced Grok AI in November 2023, multiple GROK-copycat coins emerged, some of which skyrocketed by as much as 30,000%.
The Bottom Line
GrokCoin’s unexpected market success highlights the power of AI-generated trends in the crypto space. While memecoins often experience short-term hype, traders should proceed with caution and conduct their own research before investing.
Disclosure: This article does not constitute investment advice. The content and materials featured on this page are for educational purposes only.
