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Meme Coin News: Market Highlights
The global cryptocurrency market cap is currently at $2.47 trillion, showing a 1.5% decrease in the last 24 hours. Meme coins are also experiencing a downturn, with notable changes in the top 10 meme coins:
- BONK faced a significant loss of 7%, trading at $0.00002.
- Baby Doge Coin (Babydoge) had a smaller drop of 2.64%.
- Dogecoin (DOGE) remains at the top in terms of market capitalization, with a price decrease of 4.5% to $0.15661.
Weekly Performance of Meme Coins
Over the past 7 days, several meme coins have shown positive gains:
- Dogecoin increased by 12.76%.
- Dogwifhat (WIF) rose by 26.5%.
- Pepe saw a 16.6% increase.
- Floki’s value went up by 10.7%.
- Shiba Inu experienced a 1% rise.
Recent Developments in Meme Coin Market
Examining the performance of the top 100 meme coins in the last day, BONE emerged as the top performer with a 9% increase. Only seven other coins showed positive growth, while some coins experienced significant losses.
Tesla Accepts Dogecoin as Payment
In a major development, Tesla now allows customers to pay using DOGE for their products. The updated payment page features the Dogecoin symbol next to eligible items, with a reminder that all Dogecoin purchases are final.
Dogeverse Presale Success
Dogeverse, a multi-blockchain meme coin, has raised over $13 million in its ongoing presale. This project aims to create a unified crypto universe for traders across different blockchains, with plans to list its native token on various exchanges and expand its use cases.
Whale Activity in PEPE
A notable whale recently withdrew a substantial amount of PEPE coins from Binance, totaling $10.4 million. This whale has made significant transactions, indicating active trading in the meme coin market.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
