Fake ‘Grimacecoin’ Jumps 285,000% After McDonald’s and Elon Musk Joke

A token created after a McDonald’s response to Elon Musk proposal to eat a happy meal on TV if the retail restaurant giant accepted Dogecoin as a means of payment, surged as much as 285,614% in a few hours as opportunistic actors jumped at the chance to make cash in what many are calling a bear crypto market.

McDonald’s responded to Elon Musk’s tweet asking one of America’s oldest retail giants to accept dogecoin as a means of payment and in turn, he will eat McDonald’s bestselling meal combo, the happy meal, on TV. They responded stating, “Only if Tesla accepts grimacecoin,” referencing the company’s purple mascot named after a tastebud.

While McDonald’s hasn’t pivoted to a crypto token company yet, Wednesday’s tweet spurred the creation of nearly 10 grimacecoins on the Binance Smart Chain (BSC) network alone.