There is never a boring day in crypto – a proverb that has been proven again. Following an exchange between Elon Musk and McDonald’s, a freshly minted coin mentioned in the conversation rose by 6000% in less than a few hours.
- Memecoin has become a household name in the cryptocurrency community, and the examples are almost countless.
- In fact, meme culture has become an integral part of the industry – something that can hardly be overlooked or overlooked.
- McDonald’s has been cited as a potential job opportunity in the face of prolonged bear market conditions or after vicious drops in the prices of various cryptocurrencies, as we saw in the past few days when the price of bitcoin went down. $33K.
- Suddenly, McDonald’s hats were everywhere, and even the president of El Salvador – Nayib Bukele – changed his profile picture to where he had photoshopped his head.
- It didn’t take long for the fast-food chain to notice this and jump on the MemWagon.
How are you dealing with people running crypto twitter accounts
— McDonald’s (@mcdonald’s) 24 January 2022
- It didn’t take long for even the world’s richest man, known for his fair share of sarcastic trolling on Twitter, to react and take part in the trend.
If McDonald’s accepts Dogecoin I’ll have a happy meal on TV. – said Musk.
- The exchange continued, and McDonald’s responded, saying they would “only if Tesla accepts Grimescoin.”
- That’s all it takes some people to create an actual token called Grimescoin on the Binance smart chain and launch it on the market. Its Twitter account now has about 8,000 followers just hours after it was created, although it is uncertain how many of these are genuine.
- The price of the cryptocurrency exploded after its launch, and it is currently up around 6,000%, down about 30% from its peak at the time of writing.
- The coin was created by unknown people, and it is quite possible that it is some kind of scam. Many communities warn that this is a rug pull.
- Also, it’s worth noting that a 10% “tax” is levied on every transaction – a major red flag.
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