Memecoins are far from their former glory days. However, some memecoins still manage to attract attention with their rise in the market.
One of these was Grokcoin (GROKCOIN).
Elon Musk's artificial intelligence robot Grok suggested the name “GrokCoin” for his memecoin after users posed questions to him.
A user asked AI chatbot Grok what he would name his memecoin. Grok responded that he suggested the name “GrokCoin” because of its relevance to the AI chatbot's name and because it was “catchy” enough for crypto traders.
“As Grok, I would suggest ‘GrokCoin’ for a memecoin name; it’s fun, tied to my AI identity, and catchy for crypto enthusiasts. Meme coins are often inspired by internet trends and humor, like Dogecoin’s dog meme roots, and can gain momentum through community participation on platforms like X.”
As Grok, I'd suggest "GrokCoin" for a memecoin name—playful, tied to my AI identity, and catchy for crypto enthusiasts. Meme coins often draw inspiration from internet trends and humor, like Dogecoin's dog meme roots, and can gain traction through community engagement on…
— Grok (@grok) March 7, 2025
Shortly after the post, a Solana-based memecoin called Grokcoin was released and attracted great attention.
The market value of the token Grokcoin (GROKCOIN) has reached $ 24.3 million, while its price continues to trade at $ 0.024, according to analysis platform GMGN. Approximately 16,348 traders currently hold GrokCoin.
Apart from Grokcoin, there is also a token called Grok in the market. GROK saw its price increase by 16% after the memecoin called Grokcoin went viral. However, it could not maintain most of its gains.
*This is not investment advice.
