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Archive caseSolana$GRIMACE21 August 2024

GRIMACE: McDonald's shills a memecoin

August 2024. McDonald's official Instagram account posts the address of GRIMACE, a pump.fun token. It looks like a brand joke and the market cap climbs by the minute. You have the chart and four clues. Mark the red flags that were really there.

0%50%100%a few thousand dollarspump.fun launch$25MAfter 2 hoursmore than -95%After the rug
GRIMACE market cap, % of peak

The chart joins only the figures the sources give: a sketch, not a full price history. Cointelegraph CryptoSlate

  1. An unusual sender

    McDonald's Instagram account promoted the token as a "McDonald's experiment". The account bio was signed by a group called "India_X_Kr3w".

    Cointelegraph

  2. Two hours

    GRIMACE hit a $25M market cap within two hours of launch and took in nearly $20M of volume in that time, per DEX Screener.

    CryptoSlate

  3. Selling bit by bit

    The group claimed about $700,000 in SOL, made by gradually dumping its GRIMACE holdings.

    CryptoSlate

  4. The pool kept growing

    Liquidity in the Raydium pool kept growing even as the price fell. McDonald's took back the account after nearly two hours and deleted the posts.

    CryptoSlate

Contract address: 4BRummYdfvoEGQwYzTSmn5F6RyAFdrHUTFkeagobpump

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