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Wednesday, July 3, 2024
bitcoin
Bitcoin (BTC) $ 60,250.14
ethereum
Ethereum (ETH) $ 3,309.79
tether
Tether (USDT) $ 0.998957
bnb
BNB (BNB) $ 557.40
usd-coin
USDC (USDC) $ 0.999426
xrp
XRP (XRP) $ 0.474675
binance-usd
BUSD (BUSD) $ 0.996667
dogecoin
Dogecoin (DOGE) $ 0.119059
cardano
Cardano (ADA) $ 0.408255
solana
Solana (SOL) $ 142.38
matic-network
Polygon (MATIC) $ 0.54409
polkadot
Polkadot (DOT) $ 6.18
tron
TRON (TRX) $ 0.128878
HomeFinanceElon Musk AI undertaking impressed memecoin ‘Grok’ falls 74% on creator rip-off...
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Elon Musk AI undertaking impressed memecoin ‘Grok’ falls 74% on creator rip-off declare

The worth of a memecoin drawing its namesake from Elon Musk’s synthetic intelligence undertaking “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a rip-off token undertaking.

In a Nov. 13 X (previously Twitter) put up, ZachXBT shared screenshots exhibiting numerous social media accounts and web sites tied to the Grok (GROK) token have been repurposed from previous initiatives — together with an deserted memecoin undertaking referred to as ANDY — which has considerably declined from its all-time excessive.

GROK’s value plunged greater than 70% in 5 hours following ZachXBT’s allegations. Supply: DexTools
The Grok developer burned 90 million GROK tokens after the token’s value plummeted. Supply: Etherscan

Proceed Studying on Cointelegraph

See also  California Gov. Newsom greenlights crypto regulation invoice for 2025
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