GrokCoin Market Cap Surges Past $27 Million Briefly, Then Rapidly Drops by Almost 70%

BlockBeats News, March 7th, according to GMGN market data, GrokCoin's market cap briefly surged above $27 million and then plummeted by about 70% within the following 10 minutes, with the market cap currently standing at $12.3 million. The trading volume in the past 24 hours reached $84.8 million.

Previously, Musk's large language model Grok, in a reply on Platform X, suggested using "GrokCoin" as the name for the memecoin.