 | Some group of devs had released a token by the name of Grok, which is the same name of a new AI by Elon Musk. It was obviously used for hype which is red flag #1. It was released around the 10th but the price was tanking since almost literally every other coin was pumping so there was no need to FOMO into some unknown meme token. Then well-known blockchain investigator XachXBT released information showing how the Twitter account promoting Grok was previously used for what looked like a previous rugpull. Grok's price nosedived around 70% after the news. Statements were released of the team burning $1M and basically promising that they were good boys even though they admitted to doing the project that crashed and is now dead. I also don't really know how there were no shills and it is 100% community when the project is clearly shilled and devs completely control what happens with it. Grok's price has been recovered somewhat but what's most baffling is the bullishness of the community when there's clearly shadiness here. As a bonus, checkout the quality of the posts on the Grok page: [link] [comments] |
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