In a surprising move, McDonald’s launched a meme token named “Grimace” on Instagram, sending shockwaves across the crypto world. The token’s market value skyrocketed to an impressive $25 million within just 30 minutes of its release, captivating the attention of both crypto enthusiasts and casual investors.
However, the initial excitement didn’t last long. Shortly after reaching its peak, the value of Grimace plummeted by 80%, bringing its market value down to around $4.5 million. This dramatic drop left many speculators stunned and prompted questions about the stability and authenticity of the token.
Adding to the concern, Odaily has issued a warning that there could be a potential risk of hacking of official accounts. Users are advised to carefully verify the legitimacy of the token and any associated accounts before making any investments.
