Musk, McDonald’s and DOGE – The Saga Continues

A tweet by McDonald’s on January 26th, 2023, sparked reactions from Elon Musk and the Dogecoin community about their illusive collaboration.

Elon Musk holding a dogecoin next to a mcdonald's.
  • A tweet by McDonald’s on January 26th, 2023, sparked reactions from Elon Musk and the Dogecoin (DOGE) community about their illusive collaboration.
  • The Twitter conversation stemming from McDonald’s original tweet accumulated 8.1M views in less than 24 hours.
  • Elon Musk reaffirmed that he would “100%” still appear in a McDonald’s ad if the fast food company implements DOGE payments.

On January 26th, 2023, the official Twitter account of the American multinational fast-food chain McDonald’s published a simple tweet that sparked a reaction from Elon Musk and the Dogecoin (DOGE) community 

After a tweetless-period of more than three months, McDonald’s tweeted the phrase “what did I miss” to its follower base of 4.7M, and the tweet has thus far accumulated approximately 8.1M views.

The surge in views and engagement may be attributed partly to a long-awaited conversation between McDonald’s, Elon Musk, and Dogecoin.

A Chain Reaction

Business magnate Elon Musk replied to the tweet by McDonald’s with “oh hi lol.”

DogeDesigner, a UX/UI graphic designer at Dogecoin, seized the opportunity to resurrect a year-old tweet from Musk, in which he pledged that he would “eat a happy meal on tv if McDonald’s accepts Dogecoin.”

DogeDesigner asked Musk if the deal was still open. Musk simply responded with the “100%” emoji, speaking volumes on his opinion of a potential partnership should McDonald’s look to strike a deal.

The price of DOGE has been experiencing an upswing of 6.42% over the last seven days, according to data by Messari. However, Dogecoin’s value has remained unaffected by “the DogeFather” speculation, trading at $0.085 USD at the time of writing.

Dogecoin 1 day chart

1-day price chart for Dogecoin. Source: CoinMarketCap

McDonald’s has not replied to the comment, but the simple 100% emoji from Elon Musk has accumulated over 140K views from the exuberant community.

Is McDonald’s Loving the Engagement?

After Elon Musk initially tweeted his Happy Meal ad proposal on January 25th, 2022, McDonald’s responded by saying “only if Tesla accepts Grimacecoin.” However, Grimacecoin (GRIMACE) was only launched as a spontaneous meme token after the interaction.

Delta Investment Tracker reported that the initial Twitter thread had a favorable effect on Dogecoin’s price, as trade in the meme coin increased by 4.06%. However, the same conversation saw McDonald’s stock prices drop 2.13%.

Delta Investment Tracker further stated that McDonald’s might have experienced a similar boost to Dogecoin’s if they had accepted “Elon’s deal.” The community might be anxious to discover whether the activity from McDonald’s is purely a publicity stunt or genuine interest in the long-anticipated partnership with DOGE.

On the Flipside

  • McDonald’s has not directly responded to Musk’s proposition about DOGE, and the recent activity might be just a continuation of the original speculation.
  • Should Dogecoin prices increase from the current trading price of $0.085 USD, communities should consider the origin of the increase.

Why You Should Care

McDonald’s is one of the largest fast-food conglomerates, with over 40,000 restaurants across the globe, serving approximately 70 million customers daily.

A partnership with McDonald’s would propel the global adoption of Dogecoin (DOGE) and potentially influence the coin’s current #9 ranking by market capitalization.

Read more recent news about Elon Musk and Dogecoin:
The End of the Elon Musk x Dogecoin (DOGE) Saga?

Read more about McDonald’s in the Metaverse:
McDonald’s Celebrates Lunar New Year in the Metaverse in Partnership with Karen X Cheng

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Monique Brelage

Monique Brelage is a South African cryptocurrency news reporter at DailyCoin focused on the Cardano (ADA) and Solana (SOL) ecosystems. She aims to convert complex topics into digestible and engaging news pieces for readers of all knowledge levels.   Before her journey with DailyCoin, Monique has immersed herself in the realm of NFTs and Web 3.0 since 2019. Her experience in multiple industries enables her to conduct critical analyses and convert it into her writing. She acknowledges the profound impact decentralization, Web 3.0 technology, and everything beyond will have on the future.   Monique completed a Bachelor of Communication from NWU in 2020. Her background in media studies, creative writing, and philosophy helped shape her method of news curation, thereby ensuring a broader perspective to help readers remain critical of what they see. Monique's articulation, writing quality, and work ethic are professional qualities she takes pride in.   Monique lives on a farm in South Africa with her partner and cat. She works on her NFT and tattoo art in her free time, and enjoys the natural world around her. She likes reading material that broadens her perspective, indie music, and video games to blow off some steam.