Elon Musk's AI Projects and Controversies: A Recap

The price of memecoin Grok, inspired by Elon Musk's AI project, plummeted by 74% after allegations that its social media account was recycled from a former scam token. Blockchain sleuth ZachXBT shared screenshots showing that various social media accounts and websites tied to Grok were repurposed from old projects, causing the token's value to drop. In response, the Grok team burned 90 million tokens in an attempt to restore confidence. At its peak, Grok commanded a market capitalization of nearly $200 million, but its value has since significantly declined.