When Opportunity Knocks…Make a Meme Coin?

TL;DR

• Degens pushed GROK (an Elon Musk-inspired meme coin) to a $160M market cap, in just 8 days of existence - and in the last 24hrs, its price has more than 2x'd.

• Further proving our theory from a previous article: now that the market's overall price/sentiment is up, investors have started taking their stupid pills again.

Full Story

When opportunity knocks...

You make a cryptocurrency.

(Is that how the saying goes?)

But honestly, that's pretty much what most ​meme coins​ do.

Think about it:

They find something with social traction → name a cryptocurrency after it → poof you get Floki Inu.

Or GROK.

What do these two cryptocurrencies have in common?

Elon Musk.

(Floki Inu is named after his dog, Floki, and Grok is named after his new AI platform).

Why? Because love him or hate him, the man has a knack for creating cultural tailwinds.

After announcing Grok AI, an app within X (tbt to Twitter) just last week, new cryptocurrencies popped up on multiple ​blockchains​ – the first and most successful one being GROK.

No doubt the token will vanish into obscurity in due time, but for now...

Investors have pushed the token to a $160M ​market cap​, in just 8 days of existence - and in the last 24hrs alone, the price has more than doubled.

Further proving our theory from today's first article:

Now that the market's overall price/sentiment is up, investors have started taking their stupid pills again.