GROK, an AI chatbot of ELON Musk, has promoted a fraudulent token that is unintentionally centered on encryption debate.
Development occurs as there is an increase in concerns about fraudulent encryption while questioning the integrity of the token lunch pad, such as Solana -based pump.fun.
Encryption Fraud Alarm: Did the Grok AI by chance pumped tokens?
Groke, after Due to the user’s major questions, we first suggested “grokcoin” as the name of the meme coin. Then it was provided The wallet address of the grokcoin is the response to the current deleted post. Grok also made it clear that Grokcoin is a meme coin of Solana blockchain inspired by XAI’s GROK AI.
“The grokcoin mentioned in the post is a memo of the Solana blockchain and has a wallet address 3madwqcn9csruln8ikdnan9mf3znoqMbpstvy6bfstdb. Inspired by XAI’s GROK AI, which began in November 2023, the current market cap is about $ 17 million, depending on CoinmarketCap, but its value is very volatile. ” The grove is displayed.
Soon after, the market cap of the tokens surged to $ 12 million, and the volume of $ 59 million was amazing. Grokcoin’s market cap is over $ 25 million in the prestime time. Meanwhile, data on GMGN shows that the value of tokens has soared almost 100,000%. This surge was found to have been purchased in an orchestrated system by unnecessary investors.
“Grok accidentally drops a meme coin name and the market immediately reduces millions of dollars. AI Narratives + Meme Coins is a different kind of money printer.
Nevertheless, skepticism is still high. Prior to the public mention of the coin and wallet address, the individual intentionally created a token. This assumption suggests intentional efforts to manipulate the market by quickly deleting the questions that lead to the reaction of Grok.
It is also worth noting that Soul Scanner’s data has made more than 470 coins of Grokcoin.
This incident emphasizes how scammers exploit AI tools to create and promote fraudkens. It raises serious concerns about the trend of AI -centered encryption fraud and market manipulation trend.
Recently, China has exposed deep encryption fraud A scammer is to deceive investors using AI production materials. Another incident occurred in Hong Kong The frauders used Deepfake technology to mislead investors about the fraud system.
Following the latest development, a similar grink theme token floods the Solana -based platform pump. This is added to the market manipulation and the loss of potential investors.
In this background, experts warned that the trend would soon collapse with the weight of the increase in fraud. Beincrypto has reported that the Meme Coin market may have a risk of conflict as the fraud project flows down the space.
Regulatory authorities are paying attention to this deceptive practice. The new legislation proposed in New York aims to impose strict punishment for encryption frauders. As reported by Beincrypto, the bill defines up to $ 5 million civil fines for fraud.
These measures emphasize the emergency to fight illegal systems and to prevent investors from being sacrificed by AI -centered fraud.
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