Elon Musk Nudges McDonald's To Accept Dogecoin As Payment, It Responds With New Crypto 'Grimacecoin'

Tesla's CEO Elon Musk, who has repeatedly been quite vocal about his undying love for Dogecoin, has again tweeted in favour of it. And just like previous instances, a flurry of reactions has poured in.

Just a couple of days ago, on January 25, 2022, Elon Musk tagged McDonald's in a tweet and stated that he will eat a happy meal on TV if they accepted dogecoin for payment.

I will eat a happy meal on tv if @McDonalds accepts Dogecoin

¡ª Elon Musk (@elonmusk) January 25, 2022

Also Read: Dogecoin Price Surges After Elon Musk Says Tesla Will Accept It For Merchandise Payment

Mcdonald¡¯s Grimacecoin Reply

On January 26, 2022, Mcdonald¡¯s replied with a tweet signalling that it would accept dogecoin if Tesla accepts grimacecoin.

only if @tesla accepts grimacecoin https://t.co/CQrmAFelHR pic.twitter.com/to9HmYJhej

¡ª McDonald's (@McDonalds) January 25, 2022

Also Read: Missed Out On Shiba Inu Or Dogecoin In 2021? These Coins Could Be The Next Big Crypto In 2022

And this was enough to let the crypto craze get restarted.

Almost immediately after this tweet by McDonald's, at least 10 ¡®grimacecoins' popped up on the Binance Smart Chain Network, according to CoinDesk. One of these coins which called itself¡¯ grimacecoin¡¯, even had a professional-looking website within 24 hours of the initial tweet by McDonald¡¯s!

Although McDonald's hasn't openly knitted any connection with this new memecoin, the crypto market has already gathered enough material to make the Grimacecoin viral.

Way back in 2013, even dogecoin had started as a memecoin only. And this time it's grimacecoin.

Whenever a meme goes viral, someone will in all likelihood create a coin to capitalize on the hype, which results in mass purchasing of that coin. Although this shoots up the price quickly, it often drops dramatically as well.

Nevertheless, this banter between McDonald's and Elon Musk seems to certainly build a lot of hype around this new memecoin. It would be a wait and watch game regarding what the road ahead looks like for this memecoin named 'Grimacecoin'.

Also Read: Elon Musk Is Crazy: 10 Outrageous Comments Made By The Tesla & SpaceX CEO

The Other Reactions To Musk¡¯s Tweet

Besides Mcdonald¡¯s, there were a lot of other crazy reactions to Elon musk¡¯s Tweet, from the Twitter handles of Burger King, Dogecoin, Shibetoshi Nakamoto (creator of dogecoin), etc.

I will eat a happy meal watching Elon Musk eat a happy meal on tv if @McDonalds accepts Dogecoin https://t.co/H1ZKt4fgAz

¡ª Shibetoshi Nakamoto (@BillyM2k) January 25, 2022

only a king knows what da coin do

¡ª Burger King (@BurgerKing) January 25, 2022

¡ª Dogecoin (@dogecoin) January 25, 2022

McDonald¡¯s Recent Engagement With Crypto Community

Elon Musk¡¯s offer came after McDonald's repeated engagement with the crypto community on social media, in the past few days.

Last week, McDonald¡¯s responded to a Twitter user who asked them to accept dogecoin as payment.

¡ª McDonald's (@McDonalds) January 25, 2022

Even McDonald¡¯s Twitter profile¡¯s currently pinned tweet is about crypto too.

how are you doing people who run crypto twitter accounts

¡ª McDonald's (@McDonalds) January 24, 2022

And that¡¯s not all !

The President of World¡¯s first country to legalize Bitcoin, El Salvador, conducted a poll three days back, asking if he should quit his job at McDonald¡¯s and open a Bitcoin Burger joint.

Should I quit my job at McDonald¡¯s and open a #Bitcoin Burger joint?

¡ª Nayib Bukele ?? (@nayibbukele) January 24, 2022

Also Read: From Working At McDonald's To Becoming A Crypto Pioneer: Meet World's Richest Crypto Billionaire

The Dogecoin Surge

Just like many other instances in the past when Elon Musk¡¯s tweets have rather toyed with the crypto market, this latest tweet by Musk, too, resulted in a surge in the memecoin¡¯s price.

Dogecoin¡¯s price rose up to 9% to about $0.14 v/s the previous day, following Musk¡¯s tweet.

Also Read: 5 Crypto Coins That Gave The Highest Returns In 2021

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