Original author: 1912212.eth, Foresight News

At around 2 pm on March 7, the price of the meme coin GrokCoin surged from $0.0003 to $0.028 since its official launch, with a maximum increase of nearly 80 times. What exactly is GrokCoin? Why is it attracting a large influx of market funds?

Under the sluggish market, memes on Solana have been silent for many days. Data shows that the number of active addresses of Solana dropped to an average of 9.5 million per week in February, down nearly 40% from 15.6 million active addresses in November 2024. Since mid-February, most Meme coins have not even been able to cross the threshold of 1 million market value. However, today, the big golden dog finally appeared on Meme coins.

The incident started when Musk mentioned his recently popular AI product Grok in a tweet. A Twitter user asked, "If you were to name the meme coin, what would it be?"

Grok's answer attracted hundreds of thousands of views and hundreds of likes. "As a Grok, I suggest naming Memecoin "GrokCoin" - this name is playful, closely related to my AI identity, and very catchy for crypto players. Memecoin often draws inspiration from Internet trends and meme culture. For example, Dogecoin evolved from dog emojis. At the same time, the popularity of Memecoin often relies on extensive community interaction, especially on social platforms such as X."

GrokCoin was born soon. However, in order to prevent risks, Grok was also very smart and pointed out that GrokCoin was not an official project or token launched by xAI. It was just a Memecoin name proposed by fans, inspired by popular meme coins such as Dogecoin. Creating a Memecoin usually requires multiple links such as smart contract development and community building. xAI is currently focusing on the research and development of artificial intelligence technology and will not launch any cryptocurrency projects.

It is worth mentioning that later some people guided Grok to post the Pump link in the comment section. Perhaps considering many negative factors, the original tweet was quickly deleted.

As of this writing, GrokCoin is currently priced at around $0.015, with a market value of more than $15 million, a 24-hour trading volume of more than $100 million, and more than 12,000 holders. Investors should pay attention to risk control when participating.