It looks like Elon Musk’s AI chatbot, Grok, might have unintentionally sparked a crypto frenzy. After being nudged with a series of leading questions, Grok ended up suggesting the name “GrokCoin” for a meme token and even provided a contract address. This little slip-up caught the attention of journalist Colin Wu, and let’s just say—things escalated quickly.

At the time of writing, GrokCoin’s market cap has skyrocketed to a whopping $17 million. The token has been riding a wild rollercoaster, with extreme volatility and massive trading activity—over $100 million in volume, according to GMGN data. Clearly, traders are having a field day.

Currently, more than 11,000 addresses are holding GrokCoin, and, as expected, a few snipers managed to grab early positions right at the start of trading. This kind of rapid action is nothing new in the meme coin world, but it does raise some eyebrows.

Curious about Grok’s actual involvement, crypto news outlet ForkLog reached out to the chatbot itself. The response? A flat-out denial of any connection to the token’s creation. So, was this just an innocent AI-generated suggestion that spiraled out of control, or is there more to the story?

Meanwhile, experts at Swiss crypto bank Sygnum Bank have predicted that AI-related tokens could be the next big trend in 2025. However, for now, most of them remain highly speculative assets rather than solid investments.

For context, back in January, Bitget CEO Gracy Chen forecasted that the total market cap of AI-powered tokens could surge to $60 billion by 2025. If that prediction holds, we might just be witnessing the beginning of a massive new crypto trend.

So, is GrokCoin just another flash-in-the-pan meme coin, or could it be a sign of bigger things to come? One thing’s for sure—when AI and crypto mix, things get interesting fast.