Ilona chatbot Mask threw the price of Grokcoin token by 100,000%

Chat Bot with artificial intelligence (AI) GROK from the startup Ilona Mask Xai was in the center of a major scandal.

After the question from the user, GROK proposed the name Grokcoin for his own Memicine and indicated the address of the contract. As a result, the already existing token with a similar name flew by almost 100,000%.

GROK “Blackpil” random memic

GROK advertised the Grokcoin Memboin, created on SOLANA and in no way related to a chat boot.

“Grokcoin, mentioned in the post, is a SOLANA blockchain with a Memcoin; Contract of the coin contract – 3Madwqcn9csruuln8ikdnan9mf3znoqmbpxtvy6bfstdb. The token is inspired by the GROK Chattor from the XII, launched in November 2023, ”AI said.

Soon after mentioning, the capitalization of the coin jumped to $ 12 million, and the volume of bidding reached $ 51.9 billion. According to GMGN, the cost of Grokcoin rose by almost 100,000%. The Chinese journalist Colin Wu drew attention to this.

Participants in the crypto community suggest that all this is a pre -planned scheme.

“Grok accidentally mentions a memcin, and the market immediately puts millions in this coin. This is the peak of the behavior of cryptans. AI-Narratives and Memecoons are, without a doubt, a new type of printing of money, ”one of the users X joked (formerly Twitter).

Grokcoin price dynamics

Some suggest that someone deliberately created the Grokcoin token before Grok publicly mentioned it. This is hinted at the fact that the question that brought the chatbot to such an answer was quickly deleted.

In addition, according to Soul Scanner, the creator of Grokcoin has released more than 470 coins. Participants in the crypto community considered this suspicious.

Fraudsters are more likely to use AI

Recently, attackers are increasingly resorting to tools based on artificial intelligence to create and promote fraudulent tokens.

Recently, the Chinese authorities warned users that cybercriminals are using materials generated by the chat boot of deepseek for deceiving crypto-investors.

Against the background of the incident that happened to GROK, the market has already flooded with this AI coins.

GROK tokens on pump.fun

Such practices attract the attention of regulators. So, in the state of New York, the United States, offered a new bill that implies tough punishments for cryptocurrency scammers. For scam with digital assets, attackers will face fines up to $ 5 million.

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Source: Cryptocurrency

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