The Grimacecoin meme token, born from a McDonald’s tweet, rose by more than 259,000% within hours of launch.
On January 25, McDonald’s reacted on Twitter to a series of ironic posts about crypto investors forced to seek work online in light of Bitcoin’s correction.
“How’s it going, people who run crypto accounts on Twitter,” McDonald’s representatives wrote.
Industry figures, including Elon Musk, began responding to the tweets. He also mentioned the favourite meme cryptocurrency:
“I’ll eat a Happy Meal on a livestream if McDonald’s starts accepting Dogecoin.”
The company followed with a counter-offer to Tesla to sell electric cars for the fictional Grimacecoin token.
only if @tesla accepts grimacecoin https://t.co/CQrmAFelHR pic.twitter.com/to9HmYJhej
— McDonald’s (@McDonalds) January 25, 2022
The Grimace mascot was one of the inhabitants of the fictional McDonaldland world, which the chain used for marketing from the 1970s to the 1990s. The clumsy purple character represented the evil side and would steal drinks and shakes from children.
The McDonald’s joke spawned a wave of coin launches under a fictitious name.
The GrimaceCoin (Grimace) token, built on the Binance Smart Chain (BSC), began trading on SushiSwap at $0.008 and soon reached a peak of $2.08 — a rise of more than 259,000%.
Already on the BSC network there are tokens named Grimace, grimacecoin and others.
Back in December 2021, crypto enthusiasts released a series of meme cryptocurrencies after a joke by U.S. Congressman Brad Sherman about the non-existent Mongoose Coin.
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