- Some tokens have risen in price by hundreds of percent in a couple of hours
Users reacted to the joke about Grimascoin and issued meme-coins
We will remind you why such “games” can be dangerous
In fact, the Grimacecoin cryptocurrency is a fantasy, such a token did not exist. But it seems that now McDonald’s has become not only a manufacturer of fast food, but also the author of meme-coins. In response to the Binance Smart Chain (BSC)-only hype, users created Grimascoins.
Anyone can issue their tokens on BSC or other blockchains. It literally costs a penny. Thanks to decentralized exchanges, meme tokens are issued instantly. On a rush, the price can rise by hundreds of percent (and then quickly fall). As a result, only speculators make a profit if they manage to buy a large number of coins cheaply and resell them expensively.
One of the grimacecoin tokens started trading at 0, dollars, and at its peak it went up to 2 dollars. That is, the temporary growth here amounted to 100 . After that, the price fell to 0.20 dollars.