{"id":24989,"date":"2023-11-14T02:13:50","date_gmt":"2023-11-14T02:13:50","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/elon-musk-ai-project-inspired-memecoin-grok-falls-74-on-creator-scam-claim\/"},"modified":"2023-11-14T02:13:52","modified_gmt":"2023-11-14T02:13:52","slug":"elon-musk-ai-project-inspired-memecoin-grok-falls-74-on-creator-scam-claim","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/elon-musk-ai-project-inspired-memecoin-grok-falls-74-on-creator-scam-claim\/","title":{"rendered":"Elon Musk AI project inspired memecoin \u2018Grok\u2019 falls 74% on creator scam claim"},"content":{"rendered":"
The price of a memecoin drawing its namesake from Elon Musk\u2019s artificial intelligence project \u201cGrok\u201d plummeted over 70% after blockchain sleuth ZachXBT alleged the token\u2019s social media account was recycled from a scam token project.<\/p>\n
In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old projects \u2014 including an abandoned memecoin project called ANDY \u2014 which has significantly declined from its all-time high. <\/p>\n
\nNot that people in this space will care but @GROKERC20<\/a> $GROK<\/a> was created by a scammer. <\/p>\n
Same exact X\/Twitter account has been reused for at least one other scam. <\/p>\n
X\/Twitter ID: 1690060301465714692 pic.twitter.com\/iKu7zb6YeS<\/a><\/p>\n