New cryptocurrency Grimacecoin surged 285,000% after a McDonald's joke

New cryptocurrency Grimacecoin surged 285,000% after a McDonald's joke

2022-01-27 10:04:00 PM

New cryptocurrency Grimacecoin surged 285,000% after a McDonald's joke

Multiple versions of grimacecoin have started up following McDonald's tweet to Tesla boss Elon Musk.

In true crypto fashion, the meme spurred a meme token.According to, one newly minted grimacecoin surged as much as 285,641% in the hours following the tweet. About 10 other versions of grimacecoin started trading on the Binance Smart Chain network alone, CoinDesk found.

McDonald's did not immediately respond to Insider's request for comment on the matter.To Fortune, the company said it does not have an affiliation with any grimacecoin.McDonald's entered the crypto conversation earlier this week when digital assets like bitcoin dropped as the broader market slumped. Cryptocurrency enthusiasts joked on Twitter that the volatile price of bitcoin was starting to look like the McDonald's golden arches, while others said they'd have to apply for jobs flipping burgers if crypto trading didn't work out, Fortune reported previously. 

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accepts grimacecoin." The tweet included a crypto version of Grimace, the company's round, purple mascot often featured in marketing materials.  In true crypto fashion, the meme spurred a meme token. According to , one newly minted grimacecoin surged as much as 285,641% in the hours following the tweet. About 10 other versions of grimacecoin started trading on the Binance Smart Chain network alone, CoinDesk found. McDonald's did not immediately respond to Insider's request for comment on the matter. To Fortune , the company said it does not have an affiliation with any grimacecoin. McDonald's entered the crypto conversation earlier this week when digital assets like bitcoin dropped as the broader market slumped. Cryptocurrency enthusiasts joked on Twitter that the volatile price of bitcoin was starting to look like the McDonald's golden arches, while others said they'd have to apply for jobs flipping burgers if crypto trading didn't work out, Fortune reported previously.  El Salvador's president and bitcoin evangelist, Nayib Bukele, even tweeted a photo of himself wearing a McDonald's hat and name tag. Then Musk, known for pushing the shiba inu-inspired meme coin, joined in with the