Sunday, September 24, 2023
    HomeBitcoinFake Grimacecoin Jumps 285,000% After McDonald’s’ Response to Elon Musk Tweet

    Fake Grimacecoin Jumps 285,000% After McDonald’s’ Response to Elon Musk Tweet


    Elon Musk’s tweets associated to crypto are actually doing wonders to some new cryptos and even creating them!

    Musk had tweeted, “I’ll eat a cheerful meal on television if McDonald’s accepts Dogecoin,” urging Mcdonalds to simply accept Doge as cost. Proper after the tweet, the dogecoin value surged as a lot as 8% to $0.1445, in keeping with data from CoinMarketCap.

    McDonald’s tweeted a response to the Tesla CEO and mentioned it could solely settle for Dogecoin if “Tesla accepts grimacecoin.”

    The message accompanied a picture of a purple coin with Grimace’s face.

    This tweet alternate between Musk and McDonald’s helped create a brand new cryptocurrency, Grimace Coin, which spurred as a lot 285,641% inside hours.

    The grimacecoin token started buying and selling at $0.0007 and surpassed $2 earlier than slipping to the $0.60 degree.

    Fake Grimacecoin Jumps 285,000% After McDonald’s’ Tesla Joke
    [Image via grimacecoineth/Twitter]

    Coindesk wrote, “That token reached a market capitalization of almost $2 million at peak costs. It was price $800,000 at press time and had over $65,000 in a liquidity pool created and equipped by customers. Blockchain knowledge, nonetheless, exhibits 93% of those tokens are owned by a single entity.”

    Grimacecoins weren’t confined to the BSC community alone. An Ethereum-based grimacecoin spiked 56,000% instantly after its issuance. It had 1,000 holders and a $6 million market capitalization.


    The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty in your private monetary loss.

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