The individual famous for disregarding cryptocurrency previously continues to influence the markets with recent announcements. His latest statement led to a rapid increase in the token's price, which is a common trend with meme coins that was seen again today.

After Elon Musk mentioned that his artificial intelligence chat application would be accessible to all X Premium users, not just Premium+ users and specific regions, the Grok Coin price rose by 15%. Meme coins, directly or indirectly influenced by Musk's online activities or products, are known to experience price fluctuations based on his posts. Despite having no connection to the Grok artificial intelligence app, investors perceive this token as a meme asset suited for speculative trading.