
We are Listing Grok (GROK)
Inspired by Elon Musk's AI chatbot of the same name, the GROK memecoin launched in November 2023 and quickly gained attention, reaching a market capitalization of over $160 million within eight days. This rise was fueled by a series of tweets from Elon Musk mentioning Grok AI, even though there is no official connection between Musk's AI and the GROK token. Driven by social media buzz and high trading volumes, the coin's value surged 165% in one month.
What is the GROK token?
GROK's tokenomics strategy includes a burn mechanism. Recently, the developers burned 90 million GROK tokens from the deployer wallet, which at the time was valued at approximately $1.2 million. This action was part of an effort to stabilize the value of the token following the discovery of fraudulent links associated with the launch. The burn reduces the circulating supply, potentially increasing scarcity and supporting the token's price over time.
Here are some other things you need to know about the token:
- Trading Volume (24h): The trading volume of GROK in the past 24 hours is $6,594,413.
- Circulating Supply: The circulating supply of GROK is 6,320,723,099 tokens.
- Total Supply: The total supply of GROK is 6,596,450,430 tokens.
Trade GROK
Join the GROK community today and be part of the next big thing in crypto! Head over to our trading page and secure your first tokens.
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Katya V.
Katya is one of Tothemoon's skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.