PHIL Meme Coin From Ethereum Genesis Block Briefly Hits $125M on Uniswap

A new meme coin linked to the Ethereum Genesis block quickly climbed to the top of Uniswap’s trading charts on August 28.
According to data from DEX Screener , the PHIL token was launched today by a wallet funded by Ethereum’s Genesis block in 2015. The token quickly gained traction on Uniswap V2, reaching a market capitalization of over $125 million within hours of its launch.
PHIL Surges to $0.12 Before Falling to $0.067
Following its launch, the PHIL token saw a rapid increase in trading activity, becoming the most traded asset by volume. The token initially surged to $0.12 before declining to the current $0.067, driven by a flurry of transactions from individual traders and large holders.
The wallet responsible for the token’s launch, originally funded with 2,000 ETH from the Genesis block, funneled a significant portion of its assets into the PHIL token’s liquidity pool.
McDonald’s Social Media Hacked for Meme Coin Promotion
McDonald’s official Instagram account was recently hacked to promote a Solana-based meme coin scam called “GRIMACE.” Scammers took control of the fast-food chain’s social media and used it to advertise the fake token.
During the brief period the hackers had control, they claimed to have stolen $700,000 from users. A message, reportedly posted by the scammers, boasted that users had been “rug pulled by India_X_Kr3w,” visible to McDonald’s 5.1 million followers.
“Rug pulls” refer to fraudulent schemes where scammers create fake tokens and then abruptly withdraw funds, leaving investors with worthless assets. The hackers used this method to promote and then dump the GRIMACE token.
According to data from Pump.fun, the GRIMACE token’s market cap briefly surged to $20 million within 30 minutes of the hack. However, after the hackers sold off their holdings, the market cap plummeted to below $600,000.
McDonald’s quickly regained control of its Instagram account, but not before significant financial losses occurred due to the scam.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance
Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought

Ethereum Set to Soar Past $4,000 Again
Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?

Lark Davis: Best Time to Make Money in Crypto
Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains

Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift
Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders

Trending news
MoreCrypto prices
More








