The GROK meme coin, which isn’t affiliated with Elon Musk’s AI chatbot, shot to zero after blockchain sleuth ZachXBT said it was linked to a known scammer. After hitting an all-time high of $0.02 on Monday, GROK is now trading for less than a penny. The GROK dev team maintained they weren’t trying to pull off a scam, hosting a Twitter space and then burning $1.7 million worth of tokens in an attempt to prove it. Some traders have now declared the GROK a “good trade,” while other have criticized the on-chain sleuths for sending the token price to zero. As of this writing, GROK is sitting at a $56 million market capitalization. This news is bad for investors, as it shows the risks of investing in unregulated cryptocurrency tokens. #ScamAlert #CryptoNews #GROK #UnregulatedCrypto
You can read more about this topic here: Decrypt: GROK Meme Coin Craters, Holders Blame Crypto Sleuth Who Blew the Whistle
