Elon Musk's AI Grok Sparks New Solana Meme Coin Frenzy

Solana Meme Coin GrokCoin In Spotlight As Elon Musk's AI Grok Names It

A new Solana meme coin is nabbing significant investor attention across the broader market on Friday. GrokCoin, a crypto named by Elon Musk-backed AI Grok, has secured a hotspot on market watchers' radars amid its burgeoning market value. Notably, soon after Musk's AI named the token, its market cap skyshot from nearly $147K to $28 million. Solana Meme Coin GrokCoin: An Emerging Star? According to an X post by SolanaFloor on March 7, Solana meme coin GrokCoin surged to a $27 million market cap from a mere $146,900 value after Grok suggested its name. Per the X post, the trading volume for the token totaled a whopping $116 million. CoinGape found that as of press time, the coin's market cap further burgeoned to $31 million. GeckoTerminal's data indicated that the Solana meme coin launched via Pumfin traded at $0.03052 today. How Did Elon Musk's Grok Name The Coin? Upon further investigation, it was found that the account '0xMoco' questioned Grok AI on X, "if you were to name a memecoin, what would the name be?" To this, Grok replied, " I'd suggest "GrokCoin" for a memecoin name." This chronicle, in turn, made the crypto market abuzz with the rise of GrokCoin, a Solana meme crypto. Notably, this new token also secured the top spot among coins with the highest intraday transactions on Pump Fun, per GeckoTerminal data. As a result, market watchers are extensively eyeing the new Solana meme coin for profit-booking motives. Elon Musk's Grok 3 In Spotlight On the other hand, it's worth mentioning that Elon Musk's xAI recently unveiled Grok 3 chatbot, boasting it to have unparalleled capabilities. With the new AI Chatbot launch, xAI emerged as a prominent rival alongside OpenAI and DeepSeek. Meanwhile, CoinGape recently reported that Grok3 also predicted that Cardano price could rally to $5 ahead, causing a crypto market buzz. Overall, Elon Musk's AI appears to have a notable impact on the crypto realm, if not colossal, sparking market-wide discussions over the new coin's potential ahead.

Elon Musk's Grok AI Suggests a Solana Meme Coin Name, Degens Pump It to $35 Million - Decrypt

Remember the once-booming Fartcoin? Well, the same kind of situation that just birthed that viral meme coin just gave life to another hot coin, thanks to Elon Musk's AI model. Grok, the AI model native to Musk's X (formerly Twitter) social media platform, publicly suggested early Friday that GrokCoin would be a good name for a meme coin. And like clockwork, someone spun it up into a real Solana meme coin that's been pumped to a market cap of nearly $35 million as of this writing. As of Friday, users can tag Grok on X and it will often respond. Before Musk could even post that the feature had gone live, crypto traders had managed to get the bot to shill its own theoretical token. Pseudonymous crypto trader 0xMoco asked Grok, "If you were to name a meme coin, what would the name be?" "As Grok, I'd suggest 'GrokCoin' for a meme coin name -- playful, tied to my AI identity, and catchy for crypto enthusiasts," Grok responded. Minutes later, an unidentified human launched the token via Pump.fun. GrokCoin (GROKCOIN) shot up to a $24 million market cap within an hour and a half before retracing 60% to $9.69 million. But then another surge pushed it to a peak of $34.42 million an hour later. It has since fallen to nearly $11 million as of this writing. When a trader attempted to launch another GrokCoin using launchpad News2Pump, which creates a token when you tag it in a post on X, Grok affirmed that it isn't an official token by xAI -- but rather but a "fan-suggested" meme coin name. In a later post, it claimed that GrokCoin was "inspired by xAI's Grok AI." This isn't anything new, however. For months now, traders have had a love affair with meme coins manifested by AI agents, driving some to startling heights. It all started when Truth Terminal -- an AI agent trained mostly on internet memes -- created its own religion around a grotesque image of a man spreading his anus, before suggesting it'd make for a good meme coin. This caused degens to create Goatseus Maximus (GOAT), named after the agent's religion, which eventually hit a $1.3 billion market cap. It didn't stop there, however. Truth Terminal also pondered the concept of a "Fartcoin," which was turned into FARTCOIN and became its most successful idea, peaking at a $2.5 billion market cap in January. Loads of other AI-inspired meme coins launched, briefly yielding crypto's hottest meta in early January. During this period, Aixbt (AIXBT) grew in popularity as an AI agent, launched through the Virtuals Protocol, which replies to X users providing technical analysis on crypto projects. Its token peaked at a $755 million market cap in January, according to CoinGecko. But since then, the AI meta has died down dramatically, with AIXBT now sitting at a market cap of $115 million, Fartcoin at $267 million, and GOAT at just $65 million -- down 94% from its November all-time high. Still, Grok continued replying to people about crypto. Some rather innocently looked for Grok to shill their existing tokens, with the AI agent stating that Base chain meme coin Toshi (TOSHI) "stands out" due to its "strong engagement." Others used the opportunity to get Grok to suggest more token names. However, as is often the case with AI trained on internet data, Grok regurgitated racist ideas -- in one post suggesting that naming a meme coin after the N-word would "reflect a playful, cultural vibe."