The crypto economy never rests, seemingly jumping from one hype narrative to another in the form of inspired tokens that niche short-term traders can profit from.GROK tokens have been released by anonymous developers over the weekend, running to a combined market capitalization of tens of millions of dollars, which has let early bettors bag several multiples on their initial token buys.
Blockchain data shows the earliest GROK token was issued early Saturday on Ethereum and reached a market capitalization of $10 million as of Monday morning. It has 4,600 holders, and $10 million worth of the tokens were traded for etherTop holders of this token are sitting on over $150,000 in unrealized gains from initial buys of just a few thousand dollars worth of ether.Not every release has been well-intentioned, however.
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