Meme Coin News: Tesla Adds DOGE Payments, Whale Buys $10.4M in PEPE

Get the latest updates on the meme coin market, including Tesla’s acceptance of DOGE payments and a whale’s massive purchase of PEPE.

Meme Coin News: Market Highlights

The global cryptocurrency market cap is $2.47 trillion, down 1.5% in the last 24 hours. Meme coins are not having a good day, either. Among the top 10 meme coins per market cap, BONK saw a significant loss of 7% in a day, trading at $0.00002. Baby Doge Coin (Babydoge) dropped the least, with 2.64%. At the same time, Dogecoin (DOGE) stands at the top per market capitalization, and its price is down 4.5%  to $0.15661.

Tesla’s Updated Payment Methods Include Dogecoin

In the biggest meme coin news this week, Tesla is now accepting DOGE as payment for its products. The payment page has been updated to include this mega-popular meme coin. “Look for the Dogecoin symbol next to the “order” button for Dogecoin-eligible products,” the FAQ page says. To make a purchase on the Tesla Shop, users will need a Dogecoin wallet. The buyer is responsible for any fees associated with a Dogecoin transaction, it added.

Dogeverse Presale Hits $13 Million Milestone

Dogeverse is one of the hottest meme coins at the moment. It is the first meme coin operating across six major blockchains. Notably, it raised nearly $1 million in less than two days after its presale launch in April. While its presale is still ongoing, the team behind it announced on Thursday that the project raised over $13 million.

Whale Withdraws $10.4 Million in PEPE from Binance

In other meme coin news, a whale withdrew 915.85 billion PEPE coins from the Binance exchange on May 5. This is not their only withdrawal, as in total, this whale has withdrawn 1.238 trillion PEPE via two transactions from Binance. According to crypto analytics platform Spot On Chain, they’ve done so “at $0.000008424 on average ($10.4M) in the past 28 hours for the first PEPE trade.”

Conclusion

This week’s meme coin market saw significant developments, including Tesla’s acceptance of DOGE and a whale’s massive PEPE purchase. Despite the market’s overall downturn, these events highlight the ongoing interest and activity in the meme coin sector.