🌋 The GROK Token Plummets Amid Fraud Allegations

posted  14 Nov 2023
Photo - The GROK Token Plummets Amid Fraud Allegations
GROK, a meme token inspired by Elon Musk's artificial intelligence ventures, experienced a dramatic 50% drop in value after its developer was exposed.

Initially, GROK soared 13,000% in just nine days, reaching a market capitalization of $150 million with over 13,000 owners. However, blockchain researcher ZachXBT uncovered the founder's links to past fraudulent schemes, leading to a sharp decline in GROK's price.
Despite this, a portion of the GROK community still believes in the project, considering the aforementioned information to be FUD (Fear, Uncertainty, Doubt). A user on social network X points out that the developer(s) even burned all the tokens in the deployer's wallet by sending them to a zero address.