News Explorer — Nearly 400 Illegitimate GROK Tokens Emerge After Elon Musk Launches Eponymously Named AI Over the Weekend

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Nov 6, 7:59 am

Coindesk

Nearly 400 Illegitimate GROK Tokens Emerge After Elon Musk Launches Eponymously Named AI Over the Weekend

Over the weekend, nearly 400 GROK tokens were released by anonymous developers, resulting in a combined market capitalization of tens of millions of dollars. These tokens, inspired by the AI chatbot service Grok, gained a cult following due to their uncensored and humorous nature. While some early bettors made significant profits, others experienced losses as developers "rug pulled" their tokens, leading to cumulative losses of over $1 million.

Over the weekend, nearly 400 GROK tokens were released by anonymous developers, resulting in a combined market capitalization of tens of millions of dollars. These tokens, inspired by the AI chatbot service Grok, gained a cult following due to their uncensored and humorous nature. While some early bettors made significant profits, others experienced losses as developers "rug pulled" their tokens, leading to cumulative losses of over $1 million.

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