Elon Musk-Themed AI Chatbot Meme Coin Soars 13,000% to $160M Cap Despite High Crash Risk
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A Grok token sharing the name of Elon Musk's AI chatbot hit $160M market cap in 8 days, but it's not affiliated with Grok.
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The meme coin's value has soared 13,000% in a week, but liquidity is limited, raising crash risk.
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Speculative assets proliferate on decentralized exchanges where token creation is easy.
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Competitors like Google's Bard, OpenAI, and social media platforms are launching their own AI chatbots.
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The sense of meme layers is heightened by Musk being a Dogefather who bought Twitter and teased changing its logo to a Shiba Inu.