Elon Musk's confirmation of the Grok 3 launch caused the Grok token to surge by 82%. The market cap of the token reached around $33.51 million as traders rushed to capitalize on the AI-powered chatbot developed by Musk's xAI. Despite xAI not being directly connected to the Grok token, investor enthusiasm has increased. However, the sustainability of this rally is questioned due to the lack of fundamental support for the token. The release of Grok 3 will determine if the token can deliver tangible advances that differentiate it from existing AI models.



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