Following the suspension of the AI bot, the price of the BOB coin is down. As of the press time, BOB is trading at $0.0000194. The 24-hour trading volume of the coin has also plummeted by as much as 43.60%.
Musk alleged the bot to be a scam in a Tweet that was a response to the bot, and the account got suspended shortly after. But before the ‘Explain this Bob’ profile became inactive, more than 400,000 followers supported the bot on Twitter, saying that its BOB coin wasn’t a scam and the suspension was unwarranted. The #FREEBOB hashtag started circulating on Twitter, and the project’s team even published a meme picture of Musk looking at Bob (the key character behind the bot) in prison.
— Bob (@BobEthToken) June 18, 2023
Musk’s statement provoked a wave of disputes not only because of the ban on ‘Explain this Bob’ but also because of his changing mind. Earlier, Musk supported the bot and seemed to really like it.
I love Bob
— Elon Musk (@elonmusk) April 19, 2023
‘Explain this Bob’ is an AI bot powered by its own BOB coin and the BobSwap exchange. Created by Prabhu Biswal, a programmer from India, the bot employs the model of Open AI’s GPT-4. It used to reply to everyone on Twitter who tagged its account, providing an answer to any inquiry.
The official website of the bot states:
“Everyone loves Bob. Elon loves Bob. Even Bob loves Bob. He simply knows it all. When in doubt, ask Bob. He is here for you. In his humble demeanour, he will blow you away. Why even go see your doctor if you have Bob, your wife or husband are giving you trouble, see Bob. You have constipation, see Bob. You don’t know where you are going in life, see Bob. I mean let’s be real here. Who doesn’t like Bob. His giga brain is too sizeable for the average Joe.”
The ‘Explain this Bob’ not has its own ERC-20 meme coin Bob Token (BOB). Since its launch in April, BOB has rocketed, and the surge in its price has totaled more than 1,000%, mostly due to Musk’s support of the coin. At that time, Prabhu Biswal commented:
“Before the token came out, the backend cost for the bot was around $50, but now it is costing more than $3,000 per month. The team gave me the freedom to use a more powerful AI model. I’m already working on developing Bob on other platforms like Telegram, Discord and Reddit, which will increase the backend cost even more. It wouldn’t have been possible for me to handle this cost before the BOB token and without my team.”
Now, following the suspension of the AI bot, the price of the BOB coin is down. As of the press moment, BOB is trading at $0.0000194. The 24-hour trading volume of the coin has also plummeted by as much as 43.60%.