The latest move was for Musk to push McDonalds (MCD) to adopt a cryptocurrency line for his food. Musk's offer at McDonald's comes after fast food chains have mentioned cryptocurrency in tweets over the past few days.
Tesla CEO and long-time Dogecoin supporter Elon Musk tweeted at McDonald’s on January 25, convincing the fast food chain to accept DOGE as a payment method. A few hours ago, global fast food giant McDonald's joked in a tweet urging Tesla to accept Grimace Coin for payments, to which Tesla CEO Elon Musk responded in a tweet: "If McDonald's accepts, I'm very sorry. Happy to eat on TV. Dogecoin.” ”.
Dogecoin is just a popular meme coin that started as a joke in 2013 but has gained a lot of attention over the years and has managed to garner huge support and recognition from Elon Musk. On Tuesday, the Tesla CEO posted the price of Dogecoin (DOGE) with an 8% increase after another tweet about the original meme coin.
Musk took to Twitter (TWTR) to state that he would eat the entire Happy Meal McDonalds on TV if McDonalds agreed to accept Dogecoin for his food. It all started with a light-hearted Twitter conversation between Elon Musk and McDonalds on January 25, in which Musk said he was willing to eat his Happy Meal live on TV if he accepted Dogecoin as a payment method. Musk is a big supporter of Dogecoin and his tweets sometimes have a huge impact on the price of meme cryptocurrencies. Musk's tweet about McDonalds on Tuesday saw dogecoin rise nearly 8% to around $0.1445 at one point.
Meanwhile, Musk McDonald's tweet showed that DOGE was up more than 7% through January 26th. Dogecoin (DOGE) added 8% after Elon Musk and McDonalds tweets. The McDonald's tweet was Tesla's (TSLA) response to Get Tesla Inc Report CEO Elon Musk, who previously challenged a Big Mac owner to take dogecoin as payment.
As soon as these two tweets appeared, anonymous token producers created Grimacecoin, which caused quite a stir on Twitter, with many posting astronomical profits from the coin. Within hours of the tweet being posted, about ten Grimascoins were created on Binance Smart Chain (BSC) alone. While McDonalds has yet to switch to a crypto token company, a tweet on Wednesday spurred the creation of nearly 10 grimacoins on the Binance Smart Chain (BSC) network alone. In the world of cryptocurrencies alone, a tweet exchange between McDonalds and Elon Musk will create a new token that will rise rapidly.
In response to Telsa CEO Elon Musk's tweet "I'll be happy to eat on TV if McDonalds accepts Dogecoin," McDonalds tweeted "only if Tesla accepts Grimacecoin." In response, McDonalds tweeted that it would accept Dogecoin if Tesla started accepting "Grimace Coin". True to form, McDonalds responded with a tweet that they will, but only if Tesla accepts Grimacecoin, a fake cryptocurrency.
To which McDonalds responded that it would only make the change if Tesla also accepted a then-defunct currency called "Grimacecoin". While McDonald's response was an obvious joke, opportunists quickly created a cryptocurrency based on the McDonald's grimace, a purple character that McDonald's used to market and advertise with a flood of counterfeit coins called Grimace. While McDonald's response was an obvious joke, opportunists quickly created a cryptocurrency based on McDonald's Grimace, the purple character McDonald's used to market and advertise with a flood of counterfeit coins called Grimace.
The opportunists quickly made a ton of money by creating counterfeit coins to capitalize on McDonalds' tweet about her adorable Grimace character. The token, created after a joking tweet from McDonald's, rose to 285,641% in a matter of hours as opportunistic players jumped at the opportunity to cash in on the warm cryptocurrency market. Created after McDonald's responded to Elon Musk's offer to host an aperitif on TV if the restaurant retail giant accepted Dogecoin as a means of payment, it soared to 285,614% in a matter of hours as opportunistic figures jumped into it. called the bear market of cryptocurrencies.
Elon Musk, the founder of Tesla and SpaceX, tweeted on Tuesday that if fast-food giant McDonald's starts accepting the Dogecoin cryptocurrency, he will have a Happy Meal on TV. He's a staunch supporter of Dogecoin, and he's shown this in his tweets about the coin from time to time, even allowing Tesla to accept Dogecoin as a form of payment for purchases, and McDonald's has responded to Grimcoin. Mr. Musk also announced in early January that Tesla customers can now use Dogecoin to buy certain items.
According to Wallet Investor, Dogecoin will hit $0.330 next year. Meanwhile, a Musks McDonalds tweet claimed that by January 26, the cost of DOGE had increased by more than 7%.
Shortly after McDonald's responded to Elon Musk's call for the fast food giant to accept Dogecoin ($DOGE) as a payment method, a flurry of fake Grimacecoins appeared on the Binance Smart Chain and Ethereum networks. In response to McDonald's joking tweet about Tesla, the value of the fictional Grimacecoin cryptocurrency surged 285,000% in a matter of hours.
The cypto joke parodied Elon Musk's earlier request during a light-hearted Twitter exchange, referring to their purple taste bud mascot. Hours after McDonalds joked about grimacecoin, several Twitter accounts appeared claiming to be selling grimacecoin. About ten hours later, McDonalds responded by stating, "Only if Tesla accepts Grimacecoin," referring to the counterfeit coin featuring a fuzzy purple 1980s McDonaldland mascot named "Grimace." McDonalds soon responded, "Only if Tesla embraces grimacecoin," adding an image of Grimace, a round purple character featured in some companies' marketing campaigns, on the attached coin.
McDonalds tried to promote the idea as a joke, but some saw the opportunity and started making counterfeit coins with that name. McDonalds tried to promote the idea as a joke, but some took a chance and started issuing counterfeit coins with that name. Shortly after McDonald's tweet to Musk, some cryptocurrency enthusiasts decided to take advantage of the companies' weak returns and possibly get rich in the process.
They have created real Grimace meme coins, installed them on the Ethereum and Binance Smart Contract blockchains, and trade on cryptocurrency exchanges like QuickSwap and PancakeSwap, popular places for the latest and greatest challenges that may not be found on traditional places like CoinBase. Basically, know that at the time of the tweet, there was no Grimace Coin in the world of cryptocurrencies that McDonald's was trying to promote as a joke, but now people saw the opportunity and started making counterfeit coins with the same name, and from today it has come to the point that people managed to create dozens of Grimace Coins, which is not good for the crypto space, and also why the authorities call it Ponzi.
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