Fake Grimacecoin jumps 285,000% after McDonald’s’ Tesla joke

Grimacecoin is not the only case of cryptocurrency hoping to create a shitcoin market. In December 2021, Brad Sherman, a member of the US House of Representatives, joked about a “mongoose coin” in a hearing on cryptocurrencies, which spurred the issuance of hundreds of mongoosecoins in the hours that followed.

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