Lord777
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The price of the GROK coin collapsed to zero after the blockchain detective ZachXBT reported on the asset's connection with an already known fraud. Not all users rated the expert's work.
The token turned out to be one of hundreds that were launched in various networks after the announcement of the eponymous chatbot from Elon Musk's company xAI.
On November 13, the GROK exchange rate peaked at around $0.027, with trading volumes exceeding $0.5 million. After the publication of the ZachXBT message, the price collapsed to less than $0.01. At the time of writing, the Ethereum token's quotes have adjusted to $0.012, the asset's market offer is $81.6 million, and its liquidity is $1.75 million.
After the publication of the ZachXBT post, some GROK owners were quick to get rid of the asset. Arkham specialists noted at least one trader who "dumped" tokens worth more than $500,000 for about $400,000.
GROK developers tried to assure the community that the project is not a scam. They held an online event for users in X and burned all tokens on the $1.7 million deployment address.
For some users, this evidence was enough, and one of them even called GROK a " good deal."
Some have lashed out at ZachXBT, saying it is "playing with hard-earned" investors ' money.
"This is a community project, and you are DESTROYING people," wrote a user under the nickname Psyho.
Other community members ironically " thanked "the on-chain expert for" saving them from scammers " by bringing the token down to zero before they did.
ZachXBT responded by pointing out its obviously losing position. If he had not published a warning, in case of possible fraud, questions would have arisen to him, he is sure.
Recall that on the eve of ZachXBT discovered the hacking of a crypto wallet worth about $27 million in the USDT stablecoin.
The token turned out to be one of hundreds that were launched in various networks after the announcement of the eponymous chatbot from Elon Musk's company xAI.
On November 13, the GROK exchange rate peaked at around $0.027, with trading volumes exceeding $0.5 million. After the publication of the ZachXBT message, the price collapsed to less than $0.01. At the time of writing, the Ethereum token's quotes have adjusted to $0.012, the asset's market offer is $81.6 million, and its liquidity is $1.75 million.
After the publication of the ZachXBT post, some GROK owners were quick to get rid of the asset. Arkham specialists noted at least one trader who "dumped" tokens worth more than $500,000 for about $400,000.
GROK developers tried to assure the community that the project is not a scam. They held an online event for users in X and burned all tokens on the $1.7 million deployment address.
For some users, this evidence was enough, and one of them even called GROK a " good deal."
Some have lashed out at ZachXBT, saying it is "playing with hard-earned" investors ' money.
"This is a community project, and you are DESTROYING people," wrote a user under the nickname Psyho.
Other community members ironically " thanked "the on-chain expert for" saving them from scammers " by bringing the token down to zero before they did.
ZachXBT responded by pointing out its obviously losing position. If he had not published a warning, in case of possible fraud, questions would have arisen to him, he is sure.
Recall that on the eve of ZachXBT discovered the hacking of a crypto wallet worth about $27 million in the USDT stablecoin.
