Dogecoin Redux: We Now Have the GROK Token to Cash In on the Growing Popularity of xAI’s Grok LLM

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Apart from having a reputation for possessing Midas’ legendary touch of gold for having transformed almost all of his previous initiatives into profit-making enterprises, Elon Musk also excels in providing inspiration for a host of meme coins, most of which dissipate within a few weeks after capitalizing on the initial frenzy. Dogecoin (DOGE) and STOPELON tokens serve as an apt emblem of this phenomenon. Now, just a few days after the launch of xAI’s Grok LLM, we have another meme token, quite imaginatively (sarc) named the GROK coin.

Ethereum allows virtually everyone to issue an ERC-20 token that takes advantage of the blockchain’s ability to read and enforce smart contracts. While this feature has played an important role in popularizing Decentralized Finance (DeFi), it has also enabled a plethora of rug pulls where new tokens are launched to capitalize on an emerging theme only to see the founders withdraw the underlying pool of capital, leaving bagholders with worthless coins.

Do note that xAI and Elon Musk have no connection with the recently launched GROK token. Although Musk did bestow a sheen of legitimacy on Dogecoin after repeatedly endorsing it, going so far as to allow merchandise purchase on Tesla’s official store via the meme coin, the GROK token enjoys no comforts.


At the time of writing, the GROK token is up a whopping 22,000 percent since inception, though considerably weaker from its all-time highs. But with a tiny market cap of just $131 million and around 11,000 holders, we are talking about cents on the proverbial gambling table right now.

Last week, Elon Musk’s xAI launched its first Large Language Model (LLM) called Grok to take on the might of OpenAI’s ChatGPT. During its current teething phase, Grok can interpret a prompt of around 25,000 characters in one go. For comparison, the GPT-4 Turbo can remember and process around 96,000 words before giving an answer. As its star attraction, however, Grok retains access to real-time information via the X social media platform.

The new LLM can accurately summarize news trends on X, which is a huge plus point for those frustrated by OpenAI’s tiered internet access for its GPTs.

Some people also find Grok’s unfiltered responses and a distinct lack of “woke” bias a plus point.

Elon Musk relished his ability to move Dogecoin’s price with a single tweet/post. Do you think a similar dispensation for the GROK token could ever materialize? Let us know your thoughts in the comments section below.

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