{"id":86645,"date":"2023-11-06T13:25:30","date_gmt":"2023-11-06T11:25:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86645"},"modified":"2025-09-13T06:55:21","modified_gmt":"2025-09-13T03:55:21","slug":"hundreds-of-elon-musk-chatbot-inspired-tokens-surface-online","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hundreds-of-elon-musk-chatbot-inspired-tokens-surface-online\/","title":{"rendered":"Hundreds of Elon Musk chatbot-inspired tokens surface online"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Enthusiasts launched hundreds of GROK tokens following the announcement of Elon Musk&#8217;s xAI chatbot.<\/li>\n<li>Unrealised gains for some holders reached $150,000, but reports of fraud have already emerged.<\/li>\n<\/ul>\n<\/div>\n<p>Over the weekend, anonymous developers created about 400 GROK tokens named after the eponymous chatbot by Elon Musk.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/GyDnK6lwvnye7uMpemfnB-DSybFI4RPtG84ZhfO0_aEOdxNa8B55tYrdfM9-rdtB-uJRs7IT44Zd9kMZY0R-iQAEqxO3ppWOYCEUoZ0SViHrSerBXhD8jKJXMqWWdcv5z-uYzyohrxEQRCsIS_99dd8\" alt=\"Hundreds of Elon Musk chatbot-inspired GROK tokens\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.dextools.io\/app\/en\/pairs\">DEXTools<\/a>.<\/figcaption><\/figure>\n<p>Combined market capitalisation of these coins has already surpassed tens of millions of dollars. According to <a href=\"https:\/\/etherscan.io\/token\/0x8390a1DA07E376ef7aDd4Be859BA74Fb83aA02D5\">on-chain data<\/a>, one of the first GROK ERC-20 tokens appeared on November 4 and has about 4,300 holders.<\/p>\n<p>As of writing, its 24-hour trading volume exceeds $3.9 million. The asset trades at around $0.001486, having fallen 15% in the last 24 hours.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/lbD1rAi40eyEUmVOBuYp_ZDwvi-ZTMian41mYIFEoxWz4xsUDbvH_wW8TceKHeiajLM9H_5VcN5V_O-U90dwX_oRBv9ztfRK0jYGxXnIMO660j4N3Wch-dsX_yCOSg_jgF3ILXvvi-JJPw2IGPRZhII\" alt=\"GROK token chart\"\/><figcaption class=\"wp-element-caption\">15-minute GROK\/USD chart on Uniswap. Data: <a href=\"https:\/\/www.dextools.io\/app\/en\/ether\/pair-explorer\/0x66ba59cbd09e75b209d1d7e8cf97f4ab34da413b\">DEXTools<\/a>.<\/figcaption><\/figure>\n<p>The largest holders have more than $150,000 of unrealised gains from early ETH purchases.<\/p>\n<p>Another GROK token on the Base network reached <a href=\"https:\/\/www.dextools.io\/app\/en\/base\/pair-explorer\/0xc15cf01163c62f05b7cc0a181ad98c7fb071a206\">a market capitalisation of $4.32 million<\/a> with a 24-hour turnover of $4.8 million. The asset trades at about $0.000004, up 367% in the last 24 hours.<\/p>\n<p>As anyone can deploy a smart contract on the blockchain, such tokens routinely surface on the back of the hype surrounding a new project. A similar situation <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-x-will-never-issue-native-tokens\">happened<\/a> after Twitter\u2019s rebranding, when the network was flooded with coins with the ticker X.<\/p>\n<p>However, the ease of launching tokens creates opportunities for bad actors \u2014 some GROK developers have already run several rug-pull schemes <span data-descr=\"situation where the team abandons a project leaving investors with illiquid assets\" class=\"old_tooltip\">rug pull<\/span>.<\/p>\n<p>Mr. Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-rules-out-issuing-native-tokens-by-his-companies\">stated<\/a> that none of his companies would ever issue their own cryptocurrency token. He made this remark in response to a warning by a user under the alias DogeDesigner that the XAI token has no relation to the billionaire&#8217;s AI startup xAI.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What is Grok?<\/strong><\/h2>\n<p>The entrepreneur <a href=\"https:\/\/www.cnbc.com\/2023\/07\/12\/elon-musk-launches-his-new-company-xai.html\">launched<\/a> xAI in July with the aim of \u201cunderstanding the true nature of the universe.\u201d The team includes former staff from DeepMind, OpenAI, Google Research, Microsoft Research, Twitter and Tesla.<\/p>\n<p>According to <a href=\"https:\/\/www.ft.com\/content\/2a96995b-c799-4281-8b60-b235e84aefe4\">Financial Times<\/a>, Musk had beforehand purchased thousands of GPUs from Nvidia to develop a large language model.<\/p>\n<p>On November 4, xAI announced the launch of Grok. The neural network is modelled on a guide from Douglas Adams&#8217;s The Hitchhiker&#8217;s Guide to the Galaxy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing Grok!<\/p>\n<p>Grok is an AI modeled after the Hitchhiker\u2019s Guide to the Galaxy, so intended to answer almost anything and, far harder, even suggest what questions to ask!<\/p>\n<p>Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don\u2019t use\u2026<\/p>\n<p>\u2014 xAI (@xai) <a href=\"https:\/\/twitter.com\/xai\/status\/1721027348970238035?ref_src=twsrc%5Etfw\">November 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abGrok is designed to answer questions with wit and has a rebellious streak, so please don\u2019t use it if you hate humor\u00bb, the company warned.<\/p>\n<\/blockquote>\n<p>The main feature of the chatbot is that it obtains information and learns in real time via the X social network. The AI also answers \u201chard questions\u201d that other systems reject.<\/p>\n<p>Grok is written in Rust and remains in early beta. According to xAI\u2019s research, in terms of performance and accuracy the tool outperforms ChatGPT-3.5 and Inflection-1, but lags behind models with deeper training such as ChatGPT-4.<\/p>\n<p>The developers have already opened Grok to a limited number of US users to refine the neural network ahead of a global launch.<\/p>\n<p>As reported in November, Elon Musk\u2019s remark that \u201cNFTs are not on the blockchain\u201d <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-quote-that-nfts-are-not-on-the-blockchain-inscribed-on-the-blockchain\">was inserted<\/a> into the blockchain. This followed his appearance on Joe Rogan&#8217;s podcast, during which he criticized the amount of fraud in the crypto industry and criticised non-fungible tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, anonymous developers created about 400 GROK tokens named after the eponymous chatbot by Elon Musk.<\/p>\n","protected":false},"author":1,"featured_media":86646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1217,1150,596],"class_list":["post-86645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-elon-musk","tag-news-plus","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86645"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86645\/revisions"}],"predecessor-version":[{"id":86647,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86645\/revisions\/86647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86646"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}