In a tweet on Tuesday morning, SpaceX CEO Elon Musk said, “I will eat a Happy Meal on TV if McDonald’s accepts Dogecoin.” DOGE’s price surged 7 percent in the minutes following Musk’s tweet, from $0.135 to $0.145.
Previous tweets from Musk have caused markets to move even more dramatically, with a recent remark about utilising it for Tesla goods purchases prompting DOGE to rise by more than 25%. The current downturn may have played a role, but the smaller spike suggests Musk’s ability to move markets is fading.
McDonald’s responded, “Only if Tesla accepts Grimacecoin,” referring to a fictional coin depicting a fuzzy purple McDonaldland mascot from the 1980s known as “Grimace.” Grimace Coin (Grimace) has previously been coined on Binance Smart Chain by crypto opportunists. (Disclaimer: purchasing a memecoin developed in the recent few hours is not typically seen as a sensible financial decision.)
As usual, mainstream media sites have jumped on Musk’s unpredictable online behaviour, with the Wall Street Journal and The Independent magnifying his crypto tweets.
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