Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
In the wild west of MEME coins, influencers and giant organizations hold tremendous power and influence over the market. One tweet or statement can catapult the next big thing into the mainstream and turn a MEME into a real, authentic cryptocurrency.
You'll be forgiven for not having heard of Grimace before January 2022 - I mean, who has? What once was a mascot of sorts has now graced the crypto world as a new coin, all at the hands of friendly banter between Elon Musk and McDonald's - who else did you expect?
The coin was formed on 25th January 2022 after Musk tweeted McDonald's stating that he would "eat a happy meal on live TV if they started to accept Dogecoin." We've seen this before. The price of Bitcoin and Dogecoin has previously risen and dropped as a result of Musk's tweets. But what exactly drove the creation of GrimaceCoin?
In response to Musk's humorous suggestion, McDonald's stated that they would if "Tesla started accepting Grimace Coin." It's worth noting that the currency didn't exist at this point in time - this was all part of a joke on McDonald's part. However, we don't live in such times anymore. The market identified an opportunity, and before long, someone created Grimace Coin utilizing Binance Smart Chain as the platform.
For those lacking in fast-food trivia knowledge, Grimace was a character first created for McDonald's promotional campaigns in the 70s. Since then, the big, purple figure has appeared sporadically, such as at an MLB game in 2012 and the 2020 Macy's Thanksgiving Day Parade, with a prime spot alongside McDonald's poster boy - Ronald.
Most recently, the fast-food giant brought back
Read more on cryptonews.com