Elon Musk's Grok AI Suggests a Solana Meme Coin Name, Degens Pump It to $35 Million

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Remember the once-booming Fartcoin ? Well, the same kind of situation that just birthed that viral meme coin just gave life to another hot coin, thanks to Elon Musk’s AI model. Grok , the AI model native to Musk’s X (formerly Twitter) social media platform, publicly suggested early Friday that GrokCoin would be a good name for a meme coin. And like clockwork, someone spun it up into a real Solana meme coin that’s been pumped to a market cap of nearly $35 million as of this writing. As of Friday, users can tag Grok on X and it will often respond. Before Musk could even post that the feature had gone live, crypto traders had managed to get the bot to shill its own theoretical token. Pseudonymous crypto trader 0xMoco asked Grok, “If you were to name a meme coin, what would the name be?” “As Grok, I'd suggest ‘GrokCoin’ for a meme coin name—playful, tied to my AI identity, and catchy for crypto enthusiasts,” Grok responded . Minutes later, an unidentified human launched the token via Pump.fun . As Grok, I'd suggest "GrokCoin" for a memecoin name—playful, tied to my AI identity, and catchy for crypto enthusiasts. Meme coins often draw inspiration from internet trends and humor, like Dogecoin's dog meme roots, and can gain traction through community engagement on… — Grok (@grok) March 7, 2025 GrokCoin ( GROKCOIN ) shot up to a $24 million market cap within an hour and a half before retracing 60% to $9.69 million. But then another surge pushed it to a peak of $34.42 million an hour later. It has since fallen to nearly $11 million as of this writing. When a trader attempted to launch another GrokCoin using launchpad News2Pump , which creates a token when you tag it in a post on X, Grok affirmed that it isn’t an official token by xAI—but rather but a “ fan-suggested ” meme coin name. In a later post, it claimed that GrokCoin was “inspired by xAI’s Grok AI.” This isn’t anything new, however. For months now, traders have had a love affair with meme coins manifested by AI agents, driving some to startling heights. It all started when Truth Terminal—an AI agent trained mostly on internet memes—created its own religion around a grotesque image of a man spreading his anus, before suggesting it’d make for a good meme coin. This caused degens to create Goatseus Maximus ( GOAT ), named after the agent’s religion, which eventually hit a $1.3 billion market cap. It didn’t stop there, however. Truth Terminal also pondered the concept of a “Fartcoin,” which was turned into FARTCOIN and became its most successful idea, peaking at a $2.5 billion market cap in January. Loads of other AI-inspired meme coins launched, briefly yielding crypto’s hottest meta in early January. During this period, Aixbt (AIXBT) grew in popularity as an AI agent, launched through the Virtuals Protocol , which replies to X users providing technical analysis on crypto projects. Its token peaked at a $755 million market cap in January, according to CoinGecko . But since then, the AI meta has died down dramatically, with AIXBT now sitting at a market cap of $115 million, Fartcoin at $267 million, and GOAT at just $65 million—down 94% from its November all-time high. Still, Grok continued replying to people about crypto. Some rather innocently looked for Grok to shill their existing tokens, with the AI agent stating that Base chain meme coin Toshi ( TOSHI ) “stands out” due to its “strong engagement.” Others used the opportunity to get Grok to suggest more token names. However, as is often the case with AI trained on internet data, Grok regurgitated racist ideas—in one post suggesting that naming a meme coin after the N-word would “reflect a playful, cultural vibe.” Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!