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.

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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.

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