According to PeckShieldAlert, the Grok token might be a scam, as its deployer has distributed it to multiple addresses using a multisend function. This alert serves as a critical warning for traders to remain vigilant and cautious when engaging with this token. The use of multisend suggests an attempt to artificially inflate interest or value, commonly associated with scam activities. Traders are advised to verify the legitimacy of tokens before making any transactions or investments.

According to Lookonchain, an investor lost nearly $1M within two hours by trading $BARRON, a token mistakenly associated with the Trump family. The only tokens officially issued by the Trump family are $TRUMP and $MELANIA. Traders are advised to avoid FOMO and verify token legitimacy before investing.