Elon Musk is known for moving the prices of cryptocurrencies just by tweeting about them. Now, the Tesla CEO has managed to do something different. Earlier this week, Musk tweeted he will happily eat McDonald's Happy Meal if the fast-food company starts accepting Dogecoin as payment. In response, McDonald's posted on Twitter it will accept Dogecoin if Tesla started taking “Grimace Coin”. “Grimace Coin” is not a real cryptocurrency but a made-up name based on Grimace, a character that was featured in McDonald commercials. I will eat a happy meal on tv if @McDonalds accepts Dogecoin — Elon Musk (@elonmusk) January 25, 2022 only if @tesla accepts grimacecoin pic.twitter.com/to9HmYJhej — McDonald's (@McDonalds) January 25, 2022 But, this harmless and fun exchange soon gave birth to a fake “Grimace Coin” cryptocurrency that soon found buyers. According to BeInCrypto, “A token called Grimace Coin was quickly created on the Binance Smart Chain, with its price soaring 6,000% in just a few hours after interactions between Musk and the fast-food chain on Twitter.” The American fast-food company has clarified the anonymously created cryptocurrency is not related to McDonald's. The “meme coin” also has a Twitter page with more than a thousand followers but many netizens believe that “Grimace Coin” is a scam. 2022 IS THE YEAR OF GRIMACE. As seen on @CNBC ❤️🔥 @McDonalds 🤝 @BSCGrimaceCoin 🤝 @elonmusk #BSCGrimaceCoin #GrimaceCoin pic.twitter.com/EYpq92h239 — The Official Grimace Coin (@BSCGrimaceCoin) January 27, 2022 Earlier in the week, McDonald’s tweeted, “How are you doing people who run crypto Twitter accounts”, in an apparent dig at crypto investors who were struggling after the currency saw sustained market crashes in recent days. Many people who invested in cryptocurrencies responded to this tweet with their purposefully edited photographs showing them working at McDonald's after they lose all their savings. how are you doing people who run crypto twitter accounts — McDonald's (@McDonalds) January 24, 2022 Doin' whatever it takes to acquire more #bitcoin. pic.twitter.com/Ae3wmbCCZx — Michael Saylor⚡️ (@saylor) January 24, 2022 #NewProfilePic pic.twitter.com/YVDlBoA2Cq — Nayib Bukele 🇸🇻 (@nayibbukele) January 22, 2022 pic.twitter.com/VcS3f2CsyF — Fintwit (@fintwit_news) January 24, 2022 pic.twitter.com/YXelvQ9KnT — Binance (@binance) January 24, 2022 Nayib Bukele, the President of El Salvador which became the first country last year to accept bitcoin as legal tender, also tweeted an edited photo that shows him wearing a McDonald’s cap. Companies like CoinMarketCap and Binance that aid crypto trade have also responded to the McDonald’s tweet.
