Fake Grimacecoin Jumps 285,000% After McDonald’s’ Tesla Joke

Grimacecoin isn’t the only instance of crypto hopefuls creating a shitcoin market. In December 2021, Brad Sherman, a member of the U.S. House of Representatives, joked about a “mongoose coin” in a hearing about cryptocurrencies, spurring the issuance of hundreds of mongoosecoins in the hours afterward.