Elon MUSK’S confirmation of the Grok 3 launch sent the Grok token soaring 82% on Sunday, highlighting the volatile intersection of artificial intelligence and crypto speculation. As the AI-powered chatbot developed by Musk’s xAI prepares to debut, traders have rushed to capitalize on the hype, pushing the token’s market cap to around $33.51 million.
The token is trading at around $0.0053 at the time of writing, reflecting increased investor enthusiasm despite xAI itself having no direct ties to the Grok token. The surge highlights how Musk’s influence continues to drive market activity, even as xAI remains a weaker player in the AI space, facing strong competition from OpenAI’s ChatGPT and Google’s Gemini.
With Grok 3 set to be unveiled Monday at 8:00 p.m. PT, speculation is heating up. However, questions remain about the sustainability of this rally, given the lack of fundamental support for the token. Unlike other AI tokens backed by blockchain projects integrating AI capabilities, the Grok token has no clear use case tied to xAI development. Speculators may see short-term gains, but sustainability depends on whether the release of Grok 3 delivers tangible advances that differentiate it from existing AI models.
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