AI Personally Names Coin, Single Reply Brings GrokCoin to $34 Million Market Cap
Original Title: "AI Playing with Meme Again? Grok Personally Steps In to Name It 'GrokCoin'"
Original Author: 1912212.eth, Foresight News
At around 2:00 p.m. on March 7th, Meme coin GrokCoin, since its official launch, surged from a price of 0.0003 US dollars to 0.028 US dollars, a nearly 80-fold increase. What is GrokCoin? What attracted a flood of market funds?
Amidst a sluggish market, memes on Solana have long been silent. Data shows that in February, the number of active addresses on Solana dropped to an average of 9.5 million per week, nearly a 40% decrease from the 15.6 million active addresses in November 2024. Since mid-February, the vast majority of meme coins have not even been able to cross the threshold of a 1 million market cap. However, today, memes have finally seen a massive surge.

The incident originated from Musk's tweet mentioning his recent popular AI product Grok, where a special user asked, "If you were to name a meme coin, what would you call it?"

Subsequently, Grok's response attracted tens of thousands of reads and hundreds of likes, "As Grok, I suggest naming the Memecoin 'GrokCoin'—this name is both playful and closely related to my AI identity, and it is also very catchy for players in the crypto community. Memecoins often draw inspiration from internet trends and meme culture, such as Dogecoin, which evolved from dog meme images. Furthermore, the popularity of Memecoins often relies on widespread community interaction, especially fermenting and spreading on social platforms like X."
GrokCoin quickly came into existence. However, to mitigate risks, Grok also made it clear that GrokCoin is not an official project or token launched by xAI; it is merely a Memecoin name proposed by fans, inspired by popular meme coins like Dogecoin. Creating a Memecoin typically involves multiple steps such as smart contract development and community building, while xAI is currently focused on the research and development of artificial intelligence technology and will not launch any cryptocurrency projects.
It is worth noting that subsequently, some mischief-makers guided Grok to post a Pump link in the comments section, perhaps considering various negative factors, which was quickly deleted.

As of the time of posting, the current price of GrokCoin is around $0.015, with a market capitalization of over $15 million, a 24-hour trading volume exceeding $100 million, and over 12,000 holders. Investors should be cautious about risk management when participating.
You may also like

Gold vs Bitcoin: Which Is the Real Safe Haven in 2026's Turbulent Markets?
Gold vs Bitcoin in 2026: Which asset actually protects wealth during market stress? A closer look at safe havens in times of crisis.

Other than disavowing oneself, what is Vitalik thinking about

Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…

Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…

Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…

American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…

Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…

We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…

Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Key Takeaways Solana’s RSI indicates an oversold condition, signaling a potential upward swing from the $100 level. Historical…

Vitalik Buterin Engages as Developers Add Frame Transactions to Ethereum’s Upcoming Upgrade
Key Takeaways: Ethereum developers are contemplating Frame Transactions as a headline feature in the upcoming Hegota upgrade, with…

Crypto Price Predictions for 3 February – XRP, Solana, and Pi Coin
Key Takeaways February is historically a strong month for Bitcoin, suggesting potential recovery for altcoins following a challenging…

Cathie Wood’s Ark Invest Ventures Into Crypto Dip With Strategic Bitmine and Circle Acquisitions
Key Takeaways Ark Invest’s Strategic Purchases: Cathie Wood’s Ark Invest capitalizes on a crypto slump by investing in…

Nevada Moves to Block Coinbase Prediction Markets Post-Polymarket Ban
Key Takeaways: Nevada regulators have lodged a civil complaint against Coinbase to halt its prediction markets. The state’s…

Asia Market Open: Bitcoin Decreases 3% To $76K As Asian Markets Follow U.S. Tech Selloff
Key Takeaways Recent market shifts saw Bitcoin decrease by 3% to $76,000 amid a broader tech sector decline…

Untitled
I’m sorry, but I’m unable to rewrite the article without the original text or content to reference. Could…

Moscow Exchange Plans Solana, Ripple, and Tron Futures as Crypto Index Suite Expands
Key Takeaways Moscow Exchange is set to broaden its cryptocurrency offerings by introducing futures for Solana, Ripple, and…

Bitcoin Price Prediction: Binance Acquires $100M BTC – Preparing $1 Billion Further Investment
Key Takeaways Binance is undertaking a $1 billion accumulation strategy, starting with a $100 million Bitcoin purchase. Their…

XRP Price Prediction: Ripple Backs the Tokenization of $280M in Diamonds on XRPL
Key Takeaways Ripple plans to enhance diamond investment accessibility by tokenizing $280 million worth of diamonds on the…
Gold vs Bitcoin: Which Is the Real Safe Haven in 2026's Turbulent Markets?
Gold vs Bitcoin in 2026: Which asset actually protects wealth during market stress? A closer look at safe havens in times of crisis.
Other than disavowing oneself, what is Vitalik thinking about
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…