Nov 14, 2023

GROK, an X AI-inspired token, lost nearly $100 million in capitalization in the past 24 hours as its developer was linked to projects that previously failed to gain traction, drawing eyeballs from market observers.

Video transcript

The chart of the day is presented by crypto dot com. The leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day. Today, we're looking at grok an Xa I inspired token that lost nearly $100 million in capitalization in the past 24 hours. As its developer, it was linked to projects that previously failed to gain traction, drawing eyeballs from market observers, rock prices gained some 13,000% in just nine days after deployment data shows beating the rise of popular meme coin, Pepe coin. It reached 100 and $50 million market cap on Monday amassing over 13,000 holders and trading over $25 million in volume on decentralized exchanges, rock and A I chatbot service by social application X started to roll out last Saturday views show the service is relatively more uncensored and humorous than existing players which has seemingly helped it quickly gain a cult following. All rock tokens are unrelated to and unaffiliated with the actual RA I service. That's it for today's chart of the day. I'm Jen Sanas. We will see you next time to unpack more of the data behind top news stories.

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