McDonald's Instagram account suffered a hack on Wednesday after it promoted a Solana-based meme coin named after GRIMACE, one of its packaging characters.
McDonald's Instagram page was allegedly hacked after it began promoting a Solana meme coin based on its Grimace character. The supposed GRIMACE meme coin was rug-pulled hours after it hit a $20 million market cap. Tron meme coin generator SunPump has raised a lot of attention as certain meme coins began to rally. McDonald's Instagram account suffered a hack on Wednesday after it promoted a Solana-based meme coin named after GRIMACE, one of its packaging characters.
The alleged hackers named the token after Grimace, one of McDonald's fictional characters used in its ads. This move misled investors who must have bought the token following the Instagram hack. Following the rug pull, all the posts made to promote the token were taken down, including one that allegedly stated, Thank you for the $700,000 in Solana.
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