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News

McDonald’s Instagram Hack Exposes $738K Memecoin Profit Scheme!

August 22, 2024 - Around 2 mins mins to read

Key Points:

  • McDonald’s Instagram hack to promote GRIMACE meme coin.
  • Using 24 wallets, they purchased 705M GRIMACE for 65 SOL and sold it for 5,202.
  • McDonald’s Instagram hack netted a profit of 5,136 SOL (~$738,000), achieving a 79x return on investment.
McDonald’s Instagram hack left some unsuspecting promotion of the meme coin GRIMACE.
McDonald's Instagram Hack Exposes $738K Memecoin Profit Scheme!

McDonald’s Instagram Hack Account for GRIMACE Promotion

According to Lookonchain, the hacker has used this cyber attack to pump up the value of GRIMACE. Riding on the massive population following this fast-food giant, the hacker had to gain popularity and inflate the market value of this coin.

Part of the hacker’s strategy involved 24 internal wallets, which were used to purchase a record 705 million GRIMACE coins at an initial investment of just 65 SOL.

Read more: McDonald’s Instagram Account Was Hacked To Shill Scam Meme Coin

Unbelievable 79x Return on Investment Revealed

McDonald’s Instagram Hack Exposes $738K Memecoin Profit Scheme!
Source: Lookonchain X

The mass purchase was sold for 5,202 SOL, netting a profit of 5,136 SOL, about $738,000, and a return of 79 times the investment. The GRIMACE meme coin will skyrocket in price due to the hacker’s actions, although how long it will remain inflated is anybody’s guess at this point.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

GRIMACE

McDonald's Instagram Hack

meme coin GRIMACE

Memecoin Profit Scheme

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

McDonald’s Instagram Hack Exposes $738K Memecoin Profit Scheme!

Key Points:

  • McDonald’s Instagram hack to promote GRIMACE meme coin.
  • Using 24 wallets, they purchased 705M GRIMACE for 65 SOL and sold it for 5,202.
  • McDonald’s Instagram hack netted a profit of 5,136 SOL (~$738,000), achieving a 79x return on investment.
McDonald’s Instagram hack left some unsuspecting promotion of the meme coin GRIMACE.
McDonald's Instagram Hack Exposes $738K Memecoin Profit Scheme!

McDonald’s Instagram Hack Account for GRIMACE Promotion

According to Lookonchain, the hacker has used this cyber attack to pump up the value of GRIMACE. Riding on the massive population following this fast-food giant, the hacker had to gain popularity and inflate the market value of this coin.

Part of the hacker’s strategy involved 24 internal wallets, which were used to purchase a record 705 million GRIMACE coins at an initial investment of just 65 SOL.

Read more: McDonald’s Instagram Account Was Hacked To Shill Scam Meme Coin

Unbelievable 79x Return on Investment Revealed

McDonald’s Instagram Hack Exposes $738K Memecoin Profit Scheme!
Source: Lookonchain X

The mass purchase was sold for 5,202 SOL, netting a profit of 5,136 SOL, about $738,000, and a return of 79 times the investment. The GRIMACE meme coin will skyrocket in price due to the hacker’s actions, although how long it will remain inflated is anybody’s guess at this point.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.