McDonald’s Responds to Elon Musk, Inflicting 6000% Pump in Newly-Created GrimaceCoin

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There’s never a boring day in crypto – a saying that’s proven yet again. After an exchange between Elon Musk and McDonald’s, a freshly created coin mentioned in the conversation pumped 6000% in less than a few hours.

  • Memecoins have become a household name in the cryptocurrency community, and the examples are virtually countless.
  • In fact, meme culture has grown to become an integral part of the industry – something that can hardly be ignored or overlooked.
  • One of the most popular memes out there is the mention of McDonald’s as a possible job opportunity in conditions of prolonged bear markets or after vicious declines in the prices of various cryptocurrencies, much like what we saw in the past few days when Bitcoin’s price tumbled below $33K.
  • Suddenly, McDonald’s hats were everywhere, and even the president of El Salvador – Nayib Bukele – changed his profile picture to one where he Photoshopped one on his head.
  • It didn’t take much for the fast-food chain to notice this and to jump on the memewagon.
  • It also didn’t take long for the world’s richest man, who’s known for his fair share of sarcastic trolling on Twitter, to respond and partake in the trend.

I will eat a happy meal on tv if McDonalds accepts Dogecoin. – Musk said.

  • The exchange continued, and McDonald’s responded, saying that they would but “only if Tesla accepts Grimacecoin.”
  • That’s everything some people needed to create an actual token called GrimaceCoin on the Binance Smart Chain and launch it on the market. Its Twitter account now has around 8,000 followers merely a few hours after it was created, although it’s uncertain how many of these are real.
  • The price of the cryptocurrency exploded subsequent to its launch, and it’s currently up around 6,000%, at the time of this writing, down about 30% from its peak.

img1_grimacecoin

  • The coin was created by anonymous people, and it’s highly possible that it may be some sort of a scam. Many of the community warn that it’s a rug pull.
  • Also, it’s worth noting that every transaction is “taxed” 10% – a major red flag.
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