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

Sead Fadilpašić

Last updated:

May 7, 2024 08:37 EDT

| 3 min read

Source: AdobeStock / LIGHTFIELD STUDIOS

Get your weekly, bite-sized digest of meme coin news.

This week read about:

Meme Coin News: Market Highlights

Tesla’s Updated Payment Methods Include Dogecoin

Dogeverse Presale Hits $13 Million Milestone

Whale Withdraws 1.238 Trillion PEPE

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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.

Meanwhile, over the past 7 days, Dogecoin has made significant gains. It appreciated by 12.76%.

Dogwifhat (WIF) has increased by 26.5% over the past week, Pepe by 16.6%, Floki is up 10.7%, and Shiba Inu rose 1% in the same period.

Looking at the performance of the top 100 meme coins over the past day, we find BONE as the best performer, having gone up 9%.

Only seven other coins are green today.

Meanwhile, four coins lost between 95% and 99.9%: Kangal, Dogebonk, Wen, and Shib Original Vision.

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.

However, there are significant drawbacks to take into account when making purchases.

All Dogecoin purchases are final – the order can’t be canceled, and the items cannot be returned or exchanged for another product or cash.

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...

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