Coinspeaker
Grok Meme Coin Plunges 74% amid Fraud Allegations
In an unexpected turn of events, Grok Meme Coin, a token that is wrongly believed to be tied to Elon Musk’s Grok AI venture, has experienced a significant 74% decrease in value amid allegations of fraud raised by blockchain investigator ZachXBT.
ZachXBT, through a series of posts on the social media platform X (formerly Twitter) on November 13, brought to light what seems to be a misleading façade surrounding Grok.
Grok’s Team Burns $2 Million Worth of Tokens to Regain Confidence
The evidence presented by the blockchain investigator indicates that Grok’s online presence, including its social media accounts and websites, has been repurposed from previous projects, notably an abandoned memecoin named ANDY, which faced a substantial decline from its all-time high before its creators left the project.
Not that people in this space will care but @GROKERC20 $GROK was created by a scammer.
Same exact X/Twitter account has b
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