{"id":371407,"date":"2023-11-06T11:15:25","date_gmt":"2023-11-06T11:15:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=371407"},"modified":"2023-11-06T13:21:41","modified_gmt":"2023-11-06T13:21:41","slug":"unknown-grok-token-rallies-1300-after-musk-introduces-chatbot","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/unknown-grok-token-rallies-1300-after-musk-introduces-chatbot\/","title":{"rendered":"Unknown Grok token rallies 1300% after Musk introduces chatbot"},"content":{"rendered":"

The recent launch of Elon Musk's XAI Ventures' Grok Chatbot has pushed the value of an unknown Grok token up more than 1300% since it launched.<\/p>\n

On Nov. 5, Elon Musk's new AI company, XAI, comprising alumni from companies such as Google and Deepmind, launched<\/span><\/a> Grok, a new chatbot to rival the likes of OpenAI's ChatGPT. Though still in the beta stage, the Grok chatbot was designed to be more humorous and uncensored than the others.<\/p>\n

Since the company launched, almost four hundred AI-related tokens appeared on several blockchains. This created ample opportunities for speculation, prompting low-cap traders to invest millions in these tokens, pushing their market caps to all-time highs.<\/p>\n

According to data<\/span><\/a> from Dextools, one of the GROK tokens launched on the Ethereum blockchain has rallied 1300% since its debut. The token had a market cap of around $10 million and about 4,310 holders as of press time. Despite seeing a 17% loss in the last 24 hours, its trading volume reached $7.32 million.<\/p>\n

\"grok
Graph showing the performance of one of the GROK tokens against WETH launched on Ethereum from Nov. 4 to Nov. 6, 2023 (Source: Dextools<\/a>)<\/figcaption><\/figure>\n

Another GROK token<\/span><\/a> created on Saturday currently has a market cap of $4.52 million, shared among 381 holders. In addition, it has also witnessed $4.78 million worth of transactions in 24 hours, with a 387.19% <\/span>growth.<\/p>\n

Despite a surge in new GROKs on the market, XAI is yet to announce the launch of a proprietary token.<\/p>\n

Musk's influence on the crypto community <\/span><\/h3>\n

Before and after his acquisition of X (formerly Twitter), Elon Musk has continued to maintain a strong influence on the crypto community. Over the years, Musk's actions and tweets have consistently moved the market.<\/p>\n

Significantly, Musk's actions can be credited for most of the growths recorded by Dogecoin. As a result, his crypto-moving actions have been cited<\/span><\/a> as evidence to accuse him of market manipulations.<\/p>\n

More recently, an unknown X token rallied<\/span><\/a> following Musk's rebranding of Twitter to X.<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent launch of Elon Musk’s XAI Ventures’ Grok Chatbot has pushed the value of an unknown Grok token up more than 1300% since it launched. On Nov. 5, Elon Musk’s new AI company, XAI, comprising alumni from companies such as Google and Deepmind, launched Grok, a new chatbot to rival the likes of OpenAI’s […]<\/p>\n","protected":false},"author":720,"featured_media":371424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78326,76736,6849],"tags":[75503,75505,78714],"post_folder":[],"acf":[],"yoast_head":"\nUnknown Grok token rallies 1300% after Musk introduces chatbot<\/title>\n<meta name=\"description\" content=\"Elon Musk's XAI Ventures' Grok Chatbot pushed the value of an unknown Grok token up more than 1300% since it launched.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/unknown-grok-token-rallies-1300-after-musk-introduces-chatbot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unknown Grok token rallies 1300% after Musk introduces chatbot\" \/>\n<meta property=\"og:description\" content=\"Elon Musk's XAI Ventures' Grok Chatbot pushed the value of an unknown Grok token up more than 1300% since it launched.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/unknown-grok-token-rallies-1300-after-musk-introduces-chatbot\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T11:15:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T13:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/11\/grok-token.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/unknown-grok-token-rallies-1300-after-musk-introduces-chatbot\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/unknown-grok-token-rallies-1300-after-musk-introduces-chatbot\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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