Market

Elon Musk and McDonald’s boost the price of “anonymous” tokens by 6,000%

Elon Musk is once again the reason why the price of the “anonymous small” token has skyrocketed. This time the CEOs of Tesla and SpaceX called for McDonald’s support.

On January 25, Elon Musk will become a billionaire tweet that he would eat the TV “Happy Meal” if McDonald’s started accepting DOGE as payment. Previously, the news that Musk mentioned just one grape was enough to boost the GRAPE token.

Therefore, Dogecoin reacted quickly.

https://twitter.com/dogecoin/status/1486026279455375367?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Dogecoin’s official Youtube Channel shared a meme about the cryptocurrency alongside treats from McDonald’s. Other DOGE enthusiasts support the same decision. Even Burger King, considered McDonald’s biggest competitor, has done so comment below the tweet:

“Only the king knows what to do with coins.”

It should be noted that BurgerKing has previously advertised Dogecoin, including in Brazil.

In the end, McDonald’s responded to Musk’s suggestion that to say They will accept DOGE when Tesla starts accepting GrimaceCoin as a form of payment.

Elon Musk’s tweet brings GrimaceCoin to life

McDonald’s response appeared to be just a joke, hinting that the company will also release a crypto meme. However, a token called GrimaceCoin was quickly created on Binance Smart Chain, and its price skyrocketed 6,000% in a matter of hours after Musk and McDonald’s interacted on Twitter.

Of course, GrimaceCoin has nothing to do with McDonald’s. Its creator is anonymous and accused of being a scam by other users. In addition, every transaction involving the token is taxed at 10% – a very high rate that causes distrust in the market.

It’s not the first time McDonald’s has created a meme

McDonald’s had many interactions with the crypto world even before Elon Musk’s tweet. Several crypto enthusiasts have teased McDonalds over the past few days.

Due to the market crash, many investors started joking that they would have to work at one of the chain’s fast-food restaurants to recoup their losses.

The official McDonald’s account contributed to “discrimination” on Twitter earlier this week, questions How users are feeling in the crypto world on January 24th. This is the day that BTC is down more than 10% and altcoins are down even more.

Several well-known companies and names in the market, such as Binance, CoinMarketCap, and Michael Saylor, responded to the tweet and posted company-related memes.

https://twitter.com/saylor/status/1485733773278916609?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
“Do anything to earn more bitcoins.”

Additionally, the President of El Salvador was also quick to jump at the opportunity when he changed his profile picture on Twitter to a meme of him in a McDonald’s uniform. The country of El Salvador is currently facing millions of dollars in losses from its investment in BTC.

https://twitter.com/nayibbukele/status/1485031106982428677?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
It seems that the crypto community is still eagerly awaiting the end of this drama involving Elon Musk and his next spotlight.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

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.

Recent Posts

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

53 minutes ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

3 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

4 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

4 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

5 hours ago

This website uses cookies.