After Elon Musk and McDonald's Twitter jokes, Grimacecoin increased by 285,000 %

• Elon Musk exchanged jokes with McDonald’s on Twitter that Tesla Grimacecoin accepted, and then a project with the name and shot up 285,000 percent.
• unnecessary to mention that an investment in Grimacecoin will almost certainly lead to money losses, since the project shows large red flags

In the world of cryptocurrencies you can earn with all money, it seems. The latest “strange” project is known as Grimacecoin and has made a profit of over 285,000 percent in hours. The strangest thing is that it started yesterday and is based on a Twitter exchange between the fast food chain McDonald’s and the richest man in the world, Elon Musk. And it's not even the only one.

McDonald’s has been the focus of Memes and jokes of the crypto community in the past few weeks when most markets collapsed. Hodlers made fun of how they would apply to McDonald’s after their investments were wiped out. Among them Nayib Bukele, the President of El Salvador.

McDonald’s did not take long for it to jump and started to make fun of crypto hodlers.

How are people who do crypto twitter accounts?

- McDonalds (@mcdonalds) 24. January 2022

Justin Wu von Tron, Binance, Michael Saylor by Microstrategy, Charles Hoskinson, Huobi and more everyone answered the fast food chain.

However, it was an answer from Tesla CEO Elon Musk, which led to a chain of events that ended in a new crypto project that pulls it into the charts. Musk said that he would eat a happy meal on TV when McDonald’s Dogecoin accepts.

I will eat a happy meal on TV if @MC Donalds accepted dogecoin

- Elon Musk (@elonmusk) 25. January 2022

and of course McDonald’s replied and said that it would do so, but only if Musk accepted electric vehicle giant Tesla GrimaceCoin. Grimace is a rounded purple figure that showed the fast food chain in some of its advertising campaigns.

This should clearly be a joke, but some developers deal with the idea. Within a few hours, over 10 projects with Grimacecoin were started in the title on Binance Smart Chain.

Such a token started at $ 0.0007, but shot up to $ 2, which corresponds to an increase of 285,614 percent in just a few hours. It has fallen since then when the hype died.

Another grimace coin has recorded a similar trajectory that has been shot up to hours before immersing it.

One of the projects already has over 8,200 Twitter followers, although it was only registered yesterday. It is not clear how many of the followers are real and how many bots are.

hello pic.twitter.com/61jpanpq6i

- Grimasse (@Grimacecoinreal) 26. January 2022

and not only at BSC such projects appeared. A Grimacecoin on Ethereum claimed to have risen by 56,000 percent since its introduction.

We have increased by 56,000 % since the start. Just wait until Elon sees us! pic.twitter.com/grvi1erj8l

- Grimace Coin (@Grimacecoineth) 26. January 2022

While McDonald’s does not yet have to make an official explanation, the projects are in no way connected to the company. Investors in such projects run the risk of losing their entire investment, just like those who have invested in Squid Game Token.

Read more: Squid game token crashes to zero when developer with $ 3.3 million