Elon Musk’s Grok4 release boosts AI crypto market cap by $220 million
- Elon Musk unveiled Grok4 during a livestream on X.
- xAI launched Grok4 and Grok4 Heavy, AI tools designed to enhance research and productivity.
- Artificial Intelligence tokens added over $220 million in market capitalization in the last 24 hours.
Grok4, a new version of X’s AI chatbot, was launched on Thursday. Elon Musk says Grok4 is the smartest AI in the world, catalyzing gains in the Artificial Intelligence (AI) category of tokens.
The market capitalization of AI tokens increased by over $220 million in the past 24 hours, according to CoinGecko.
Grok4 unveiled alongside AI cryptos rally
The AI category of tokens observed a nearly 6% increase in their market capitalization in the 24 hours between Wednesday and Thursday, as seen on CoinGecko. The AI token market cap is $26.05 billion at the time of writing, and the 24-hour trade volume in the category crossed $3.12 billion.
Top AI sectors market cap | Source: CoinGecko
Bittensor (TAO), Near Protocol (NEAR), Internet Computer (ICP), Artificial Superintelligence Alliance (FET), and Render (RENDER) gained between 4% and 7% in the last 24 hours. The tokens could extend gains if demand for AI cryptos is consistent among market participants.
I would expect Grok to discover new technologies– Elon Musk
Elon Musk believes that Grok4 is smarter than “almost all graduate students in all disciplines simultaneously,” and expects the AI model to discover new physics as early as next year. Musk’s AI firm xAI launched two versions of the new model: Grok4 is a single-agent version, and Grok4 Heavy is a multi-agent version.
Musk declared that both models come bundled with SuperGrok tiers, and users will access a network of Grok agents that assist them with their research and productivity.
In the 2025 market cycle, AI-related developments and updates have catalyzed a rally in AI agent and launchpad tokens. It remains to be seen whether the ongoing AI crypto rally is sustainable.
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