The GROK Token Plummets Amid Fraud Allegations
GROK, a meme token inspired by Elon Musk’s artificial intelligence ventures, experienced a dramatic 50% drop in value after its developer was exposed.
On this page
GROK, a meme token inspired by Elon Musk's artificial intelligence
ventures, experienced a dramatic 50% drop in value after its developer
was exposed.
Initially, GROK soared 13,000% in just nine days, reaching a market
capitalization of $150 million with over 13,000 owners. However,
blockchain researcher ZachXBT uncovered the founder's links to past
fraudulent schemes, leading to a sharp decline in GROK's price.
Despite this, a portion of the GROK community still believes in the
project, considering the aforementioned information to be FUD (Fear,
Uncertainty, Doubt). A user on social network X points out that the
developer(s) even burned all the tokens in the deployer's wallet by
sending them to a zero address.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
