Related Reading: Here’s What’s Going On With The Shiba Inu Price This had the desired effect, as investors rapidly piled into the GRIMACE token, driving its market capitalization from a modest $500,000 to a substantial $25 million in 30 minutes. At its peak, the token’s price skyrocketed by nearly 400%, reaching $0.02500 from an initial value of just $0.0005110.
Over the past 24 hours, SOL has recorded almost no changes compared to Tuesday’s price, experiencing a slight 0.9% drop despite Bitcoin (BTC) and Ethereum (ETH) surging nearly 3% and 2%, respectively. This lack of price movement suggests little demand for the fifth-largest cryptocurrency in the market over the past week, further evidenced by a 14% drop in trading volume to $2.2 million in the last 48 hours, according to CoinGecko data.
GRIMACE Surges 400% After McDonald’s Instagram Hack The incident began when hackers accessed the official McDonald’s Instagram account and used the platform to promote the GRIMACE token. The hackers spread misinformation, falsely claiming that McDonald’s had issued the GRIMACE memecoin on the Solana blockchain.
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