A new Solana meme coin is nabbing significant investor attention across the broader market on Friday. GrokCoin, a crypto named by Elon Musk-backed AI Grok, has secured a hotspot on market watchers’ radars amid its burgeoning market value. Notably, soon after Musk’s AI named the token, its market cap skyshot from nearly $147K to $28 million.
Solana Meme Coin GrokCoin: An Emerging Star?
According to an X post by SolanaFloor on March 7, Solana meme coin GrokCoin surged to a $27 million market cap from a mere $146,900 value after Grok suggested its name. Per the X post, the trading volume for the token totaled a whopping $116 million.
CoinGape found that as of press time, the coin’s market cap further burgeoned to $31 million. GeckoTerminal’s data indicated that the Solana meme coin launched via Pumfin traded at $0.03052 today.
How Did Elon Musk’s Grok Name The Coin?
Upon further investigation, it was found that the account ‘0xMoco’ questioned Grok AI on X, “if you were to name a memecoin, what would the name be?” To this, Grok replied, ” I’d suggest “GrokCoin” for a memecoin name.” This chronicle, in turn, made the crypto market abuzz with the rise of GrokCoin, a Solana meme crypto.
Notably, this new token also secured the top spot among coins with the highest intraday transactions on Pump Fun, per GeckoTerminal data. As a result, market watchers are extensively eyeing the new Solana meme coin for profit-booking motives.
Elon Musk’s Grok 3 In Spotlight
On the other hand, it’s worth mentioning that Elon Musk’s xAI recently unveiled Grok 3 chatbot, boasting it to have unparalleled capabilities. With the new AI Chatbot launch, xAI emerged as a prominent rival alongside OpenAI and DeepSeek.
Meanwhile, CoinGape recently reported that Grok3 also predicted that Cardano price could rally to $5 ahead, causing a crypto market buzz. Overall, Elon Musk’s AI appears to have a notable impact on the crypto realm, if not colossal, sparking market-wide discussions over the new coin’s potential ahead.
The post Solana Meme Coin GrokCoin In Spotlight As Elon Musk’s AI Grok Names It appeared first on CoinGape.
