The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The transaction marks the ninth such transfer this year, likely to consolidate custody and upgrade from legacy bitcoin addresses.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some have previously suggested that SpaceX was simply transferring bitcoin in an effort to consolidate its holdings.
DOGE – the memecoin – edged past the CoinDesk 20 and the CoinDesk memecoin index as the White House announced Elon Musk's government efficiency initiative is to shutter.
The world’s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin’s mascot. However, the Dogecoin price failed to react positively to the post, as it has most times done in the past when Musk made similar posts. Dogecoin Price Fails To React to Elon Musk’s Shiba Inu Post The Dogecoin price failed to surge on the back of Elon Musk’s X post, in which he posted a meme of a Shiba Inu playing a banjo. DOGE has in the past rallied on the back of such posts because the Japanese dog breed is the meme coin’s mascot. Notably, the post comes amid a crypto market downturn, which has sparked bearish sentiment toward DOGE. Related Reading: Analyst Predicts Dogecoin Price “Historic Mega Run” – Here’s The Target As such, this may explain why the Dogecoin price failed to rally on the back of Elon Musk’s X post. DOGE is currently struggling below the psychological $0.2 price level amid concerns that the crypto market may be in a bear market. The foremost meme coin and other altcoins have declined alongside Bitcoin, which is now way below the psychological $100,000 level. However, amid speculations that the Dogecoin price may already be in a bear market, a positive for the foremost meme coin is Elon Musk’s announcement that X Money will launch soon. There has been a lot of speculation that DOGE could be included as a payment option in the social media platform’s payment system. This remains a possibility, considering Elon Musk’s affinity for Dogecoin, even going as far as referring to himself as the ‘Dogefather.’ DOGE’s potential inclusion as a payment option on X Money could serve as a bullish catalyst for the Dogecoin price, as it would boost the meme coin’s utility What’s Next For DOGE Amid Bear Market Concerns Crypto analyst CryptoCeek provided insights into what is next for the Dogecoin price as it continues to decline. In an X post, he noted that DOGE is drifting toward $0.14 again and that a breakdown below this level could put a further drop to $0.10 in sight. This puts the foremost meme coin at risk of losing its bull market structure. Related Reading: Analyst Says Dogecoin Price Is About To Burst, Here’s The Target However, CryptoCeek added that a flip of the 20-day EMA can lead the Dogecoin price to reclaim $0.21. In the meantime, he declared that the range traders are still running the show. Meanwhile, crypto analyst Ali Martinez raised the possibility that Dogecoin’s price could drop to as low as $0.07. He stated that below $0.16, support for DOGE disappears quickly, with the next real demand zone at $0.07. At the time of writing, the Dogecoin price is trading at $0.16, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
Tesla’s shareholder approval — with over 75% support — follows months of debate over Musk’s expanding influence across Tesla, xAI, SpaceX, and X (formerly Twitter).
The in-app Chat is in beta for Premium users with file sharing and media support, while a standalone X Chat app is slated to follow in the coming months.
A total of 4,337 BTC ($471.6 million) has now been moved in October, likely to consolidate custody and upgrade from legacy bitcoin addresses.
Dogecoin’s (DOGE) reputation as a meme coin often overshadows the sophisticated economic design built into its protocol. Despite an annual inflation rate of roughly 3.49%, analysts confirm that the steady increase in supply is intentional and not a bug. This built-in inflation mechanism is designed to promote long-term stability and sustainability, making it a “feature” that keeps the Dogecoin network thriving. Dogecoin’s Controlled Inflation Reinforces Stability Crypto market expert and DogeOS supporter Jimmy has presented a detailed technical analysis, shedding light on Dogecoin’s predictable and carefully structured inflation model. He referenced a former X social media post by SpaceX and Tesla Founder Elon Musk, who described Dogecoin’s inflation mechanism as “a feature, not a bug.” Related Reading: Analyst Says Dogecoin Price Is Ready To Surge, But Buy DOGE Under These Levels Jimmy explained that as of 2025, Dogecoin’s circulating supply stands at roughly 151.36 billion DOGE, with around 5 billion new coins entering circulation each year. These figures translate to an annual inflation rate of about 3.49%, a number expected to decline gradually as the total supply increases. Unlike Bitcoin’s deflationary model, where supply is limited and block rewards decrease steadily with each halving event, Dogecoin’s fixed issuance model is designed to keep miners incentivized and the network secure for the long term. Moreover, the analyst noted that a flat or decreased inflation often encourages spending rather than hoarding. Jimmy shared a detailed inflation projection chart, illustrating that Dogecoin’s inflation rate could begin a slow decline in 2026, dipping below 3% by 2030. The downward trend is expected to continue, with inflation falling under 2.7% by 2032 and reaching a “steady equilibrium zone” just below 2.48% by 2035. This gradual decrease suggests that Dogecoin could become increasingly stable over time, supported by a predictable, transparent supply growth model that is easy to track. Analyst Claims DOGE Price Has Printed A Bull Flag While Dogecoin’s inflation dynamics indicate long-term stability, technical analysts are spotting bullish short-term signals for its price action. Crypto analyst Trader Tardigrade recently shared a 4-hour chart suggesting that DOGE has formed a classic “Bull Flag” pattern following its rebound from the $0.013 crash level during the October 10 liquidation event. Related Reading: Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle? The current consolidation channel, bounded between roughly $0.18 and $0.21, represents the flag part of the bullish pattern. According to the analyst, if the Bull Flag plays out as expected, Dogecoin could be targeting new price levels around $0.43—a breakout that could quadruple its current value. Notably, crypto analyst Ali Martinez weighed in on Trader Tardigrade’s Bull Flag chart, noting that the pattern remains debatable since its flagpole was formed by the recent flash crash. Despite this, Martinez highlighted $0.18 as the key level to watch. If Dogecoin manages to stay above this area, He predicts that it could pave the way for a move toward $0.25, and potentially $0.33 if momentum persists. Featured image from Getty Images, chart from Tradingview.com
The company's digital asset holdings were valued at $1.315 billion as of Sept. 30 versus $1.235 billion three months earlier.
Crypto analyst Anthony has predicted that the Dogecoin price could rally to $3.25. He also provided a timeline for when the foremost meme coin could reach this price target, which will mark a new all-time high (ATH). When The Dogecoin Price Will reach $3.25 In an X post, Anthony stated that the Dogecoin price will reach $3.25 in the next three months. However, the analyst didn’t mention what would serve as the catalyst for this parabolic rally for the foremost meme coin. A potential rally to $3.25 would represent a 1,500% increase from DOGE’s current price. Related Reading: Dogecoin Adoption: Food Chain With Over 4,000 Locations Announces DOGE Payments Meanwhile, this would mark a new all-time high (ATH) for the Dogecoin price, with its current ATH at $0.73. In another X post, Anthony stated that Elon Musk’s Tesla is about to start accepting DOGE and that the meme coin will see a 20x increase from its current price. This indicates that the analyst is banking on this potential move as one of the catalysts for a new ATH for DOGE. However, there has been no indication from Elon Musk that Tesla will soon accept DOGE for payments. The world’s richest man has been quiet about the meme coin and hasn’t shilled it since leaving the DOGE agency. Meanwhile, there is also no update on whether Musk’s X payments will enable DOGE payments, which could also be bullish for the Dogecoin price. Meanwhile, the potential launch of the Dogecoin ETFs is another catalyst that could spark a significant rally for the Dogecoin price. The SEC is expected to approve these ETFs once the U.S. government shutdown ends. The funds could drive new inflows from institutional investors into the DOGE ecosystem. DOGE Preparing For Major Rally Crypto analyst Ether stated that the Dogecoin price is gathering strength on the uptrend, as it is holding the 25MA support and has successfully completed a falling channel breakout and retest. The analyst added that this pattern remains the same as in the previous two cycles, with DOGE expected to experience an accumulation phase before it records a parabolic rally. The analyst’s accompanying chart showed that the Dogecoin price could rally to $1.9 during this parabolic phase. In the short term, crypto analyst Crypto Kaleo is expecting the DOGE price to reclaim $0.25. He noted that there is a lot of thin air to fill from the market crash a couple of weeks back. DOGE had crashed from $0.2 back then when Trump first announced the 100% tariffs on China, which sparked a crypto market crash. Related Reading: Pattern That Led To Dogecoin Price 36,000% Surge In 2021 Has Emerged Again, Will History Repeat? At the time of writing, the Dogecoin price is trading at around $0.19, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Elon Musk’s casual post about his dog sent shockwaves through meme-coin markets on Monday, with FLOKI jumping roughly 27% in minutes. Related Reading: Bitcoin Whale Goes Big — $255M Longs Opened Before Trump–China Summit According to reports, Musk posted “Flōki is back on the job as X CEO!” alongside an AI-made clip showing his Shiba Inu in a suit. The token’s price moved from about $0.0000657 to roughly $0.0000847, and some sources recorded intraday highs near $0.00009 after traders piled in. Musk Post Sparks Rally Based on market coverage, the move was quick and driven by social media momentum. Traders who watch meme tokens said the tweet and the short video triggered a buying wave that pushed prices up by about 20–29% depending on the exchange. Volume surged at the same time. The overall memecoin market cap rose nearly 6% to close to $64 billion as speculative bets picked up. Flōki is back on the job as ???? CEO! pic.twitter.com/Zu29Dos24r — Elon Musk (@elonmusk) October 20, 2025 Market Activity And Metrics Activity was heavy across spot and derivatives markets. Reports show derivatives volume spiked roughly 660% to $280 million while open interest climbed about 165% to $37 million. That kind of move suggests many traders were not only buying the token but also opening leveraged positions. Some exchanges flagged fast order flow and a quick rise in short-term trading volumes. Community Buzz And Immediate Reaction The Floki project has built a large online community that watches every mention of the name closely. Messages and posts amplified Musk’s share, and that amplification helped fuel the rapid price rise. But it wasn’t a universal buy signal; certain wallets moved to take profits during the rally. Based on on-chain snapshots, a number of large holders sold small slices as the price spiked. Derivatives Surge Raises Questions Analysts and market watchers warned that heavy derivatives activity can push prices both ways. When leverage flows into a small market, moves can be magnified. A rapid inflow of speculative money can lift prices fast, and it can also trigger sharp drops when traders unwind positions. Several analysts suggested that gains tied to a single social post are fragile without steady buying behind them. Related Reading: ‘Buy Of The Century’: Cardano Could Be The 2026 Game-Changer Under $0.20 — Analyst Exchange Listings And Liquidity Notes Liquidity varied between venues. Some smaller platforms showed deeper price swings because their order books are thin. Larger exchanges saw volume rises but less dramatic price gaps. Based on figures, traders on decentralized platforms captured most of the early moves, while centralized venues absorbed the later orders. Featured image from Gemini, chart from TradingView
Arkham data also reveals this transfer is the first material change to the company's total bitcoin holdings since June 2022.
Elon Musk recently revived the “51 % renewables” benchmark, stating that the energy backing Bitcoin “can’t be faked.” The reference is to his earlier promise that Tesla would resume accepting Bitcoin payments once at least half of mining energy came from clean or low-carbon sources. However, now that the latest data suggests the network may […]
The post Elon Musk: ‘You can’t fake energy.’ Has Bitcoin finally gone green enough for Tesla? appeared first on CryptoSlate.
Elon Musk’s one-word reply on X has put Bitcoin back in the headlines, even if the comment was brief. His simple response — “True” — came after a widely shared post linking recent gains in gold, silver and Bitcoin to heavy government spending and currency debasement. Markets and crypto fans noticed fast. Related Reading: BNB’s Comeback Meal — Trader Says The Token Ate The Dump For Breakfast Musk’s Brief Reply Signals Interest According to the post by ZeroHedge, which has more than 2 million followers, the rallies were tied to what the author called an AI “arms race” between the US and China and to large-scale fiscal outlays. Musk agreed with the thread. He added a view that echoes a common pro-Bitcoin line: fiat can be printed, while Bitcoin’s tie to energy gives it a different kind of backing. That single-word answer reopened a conversation many thought had cooled. The money is not the problem: AI is the new global arms race, and capex will eventually be funded by governments (US and China). If you want to know why gold/silver/bitcoin is soaring, it’s the “debasement” to fund the AI arms race. But you can’t print energy https://t.co/qwdD8QbVON — zerohedge (@zerohedge) October 14, 2025 True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy. — Elon Musk (@elonmusk) October 14, 2025 Tesla’s Past Moves And Holdings Based on reports, Tesla bought $1.5 billion of Bitcoin in early 2021 and said it would take the coin as payment for cars. But the deal was short-lived. The company soon stopped accepting Bitcoin because of concerns about mining’s heavy energy use and said it might resume payments only after a major move toward renewable mining practices. By mid-2022, Tesla sold about 75% of its holdings, a move that happened near a market low and drew wide notice. According to Arkham Intelligence, Tesla still holds roughly 11,509 BTC, which is worth about $1.25 billion at current prices. What The Market Might Be Watching Traders read signals. A single public endorsement from a high-profile executive used to move prices more. That was the case in 2021 when Tesla’s investment and payment plan helped lift sentiment. Related Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? Now, the context is different. Crypto markets are bigger and more diverse, and a one-word message does not equal a corporate decision. No official change at Tesla has been reported, and company spokespeople have not confirmed any shift in strategy. Featured image from ET Edge Insights, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Elon Musk waded back into the money-meets-energy debate on X today, endorsing Bitcoin and Dogecoin. The Tesla CEO replied to a viral ZeroHedge thread that framed artificial intelligence as a government-funded arms race that will turbocharge monetary debasement. “True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote, aligning BTC’s value proposition with physical power constraints. Minutes later, when community account Sir Doge of the Coin (@dogeofficialceo) added, “Dogecoin is also based on energy,” Musk replied with a simple “????,” his first explicit nod toward DOGE in a while, rekindling a long-running price-sensitivity question around his posts. Dogecoin is also based on energy pic.twitter.com/E8BMmAIdm9 — Sir Doge of the Coin ⚔️ (@dogeofficialceo) October 14, 2025 The market reaction, however, was muted. As of press time, Dogecoin traded near $0.196, lower on the day alongside broader crypto risk, with Bitcoin and Ethereum also in the red. Bitcoin was down on the session near $111k, while Ethereum slipped below $4k, underscoring a risk-off tape that likely blunted any “Musk effect” impulse. Related Reading: Dogecoin Cup and Handle Holds A Secret Few Are Seeing Musk’s DOGE remarks arrive amid a separate swirl of Dogecoin-adjacent headlines that caught Washington’s and Wall Street’s attention over the last 48 hours. Representative Matt Gaetz amplified a viral thread, asking, “Is DOGE about to become the world’s great utility token? After being a meme?!” — a rhetorical riff that referenced news circulating about a planned public-markets pivot by House of Doge as the “corporate arm” of the Dogecoin Foundation. Is DOGE about to become the world’s great utility token? After being a meme?! https://t.co/wVXO7eijss — Matt Gaetz (@mattgaetz) October 13, 2025 House of Doge intends to list on Nasdaq via a merger with Brag House Holdings under the ticker TBH, and they also tie House of Doge to a growing Dogecoin treasury effort at CleanCore Solutions, newly branded on the NYSE American as ZONE. The October 13 releases further assert that CleanCore now holds 730 million+ DOGE, targeting up to 1 billion DOGE in the near term and, longer-run, “up to 5%” of circulating supply. Why Hasn’t The Dogecoin Price Reacted Positively? Historically, Musk’s DOGE interactions have triggered sharp, if often fleeting, price responses. During late 2024, for example, a single “true” reply in a payments-context thread coincided with a pop as traders extrapolated X-payments tie-ins, and the October 2024 launch of a dedicated account for its payments initiative on X. Related Reading: What The Weekend Liquidation Event Meant For The Dogecoin Price, And What Could Happen Next More recently, in June 2025, DOGE jumped 3% after Musk defused a political spat. The common denominator: reflexive liquidity and headline-driven order flow that fades unless there’s a real impact on the meme coin. Today’s sequence fits that pattern — a high-engagement Musk quip, immediate social virality, but price constrained by macro tape and the absence of a concurrent, verifiable product or policy reveal. So why didn’t DOGE “go to the moon” on the ????? First, the tape matters. With majors heavy, meme-beta typically underperforms. Second, the information content of the post is modest: Musk endorsed an energy-based framing and acknowledged a community meme — not a new X Payments feature, not a Tesla-commerce integration, not a tangible DOGE settlement rail. Markets have learned to differentiate between tone and transaction. At press time, DOGE traded at $0.19862. Featured image created with DALL.E, chart from TradingView.com
"Bitcoin is based on energy," said the Tesla chief early Tuesday. "It is impossible to fake energy."
Crypto analysts Kaleo and Mags have predicted that the Dogecoin price will witness a parabolic run, with the potential to reach the $1 mark. This comes amid the top meme coin’s downtrend, which puts it at risk of retesting the $0.2 mark. Dogecoin Price Eyes Parabolic Rally To $1 In an X post, Kaleo declared that the Dogecoin price will rip to new highs from its current level. He further remarked that it is only a matter of time before prices catch up with institutional interest coming from DOGE treasury companies and ETFs. In line with this, he advised market participants not to “sleep on the king of memes.” Related Reading: GROK AI Predicts How High Dogecoin Price Will Be If Bitcoin Hits $10 Trillion Market Cap Meanwhile, crypto analyst Mags indicated that the Dogecoin price could rally to as high as $1 on this projected parabolic rally. He suggested that there is no way that the “father of all meme coins,” which is supported and shilled by Elon Musk, wouldn’t be able to pull a 3x increase in this market cycle. Mags asserted that the bull run is dedicated to meme coins and that the Dogecoin price will lead the meme coin supercycle round 2. It is worth mentioning that Elon Musk’s lawyer, Alex Spiro, is the Chairman of CleanCore, the foremost DOGE treasury company, which is looking to acquire up to 1 billion coins. The company already holds over 600 million DOGE. As Kaleo noted, institutional interest has also picked up following the launch of REX-Osprey’s Dogecoin ETF, which became the first meme coin ETF to launch. The Dogecoin price had notably surged above $0.3 ahead of the ETF’s launch. However, it has been on a downtrend since the fund launched, indicating that this was a ‘sell the news’ event. DOGE is down over 12% since then, a development which also comes amid a broad crypto market downtrend. DOGE Will Reach Its ATH At The Minimum Crypto analyst Javon Marks has predicted that the Dogecoin price will reach its all-time high (ATH) of $0.73 at the minimum. He claimed that, based on historical trends, up next for DOGE is a rally of over 195%, which will send the meme coin to a new ATH above $0.739. His accompanying chart suggested that DOGE can reach the psychological $1 level in the process. Meanwhile, crypto analyst Kevin Capital highlighted how the Dogecoin price rallied 400% to $0.48 within a short period last year. He noted that crypto does nothing until it does something, and that it requires an incredible amount of patience and skill. However, the analyst emphasized that anyone can pull off the biggest trade if they can identify and have the conviction to buy at the lows, suggesting that it may be a good time to buy the dip. Related Reading: Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level At the time of writing, the Dogecoin price is trading at around $0.235, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The Elon Musk-owned X social media platform has gone public with claims that a bribery network tried to pay its staff to bring back suspended crypto accounts. According to the company, middlemen acted on behalf of banned users, offering money to insiders in hopes of overturning account suspensions tied to scams and market abuse. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Bribery Network And Methods Based on the company posts and follow-up reporting, the scheme did not involve direct contact between banned users and staff. Instead, intermediaries were paid to make offers and set up meetings with employees. Reports have disclosed that the operation targeted accounts tied to crypto fraud and coordinated manipulation. Some outlets say the network is linked to a wider cybercriminal group known in reporting as “The Com.” X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts. These perpetrators exploit social… — Global Government Affairs (@GlobalAffairs) September 19, 2025 The Scale And The Links Law enforcement and platform teams are now looking into how broad the effort went. X’s Global Government Affairs team said it had identified multiple attempts, but did not list names or say how many staff were approached or whether any account was actually restored because of payments. Reports also connect the scheme to other online spaces; investigators say similar tactics have been used against other social services and gaming communities. Legal Action And Internal Review Based on reports, X has opened legal proceedings against people tied to the network and is working with outside authorities to share evidence. The GGA also says it will step up internal checks and audits to reduce the chance of employee collusion. At this stage, public filings or indictments have not been posted; the investigations are ongoing. Numbers And Context The platform has said it suspended hundreds of millions of abusive accounts in recent months — a figure some posts put at 335 million — as it moved to curb scams and bad actors on the site. Broader industry reports also note large losses from crypto phishing and fraud in recent periods, though those totals come from different compilations and are not tied directly to the bribery ring described by X. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy What This Means For Users For everyday users, the key risk is that banned accounts tied to scams could be brought back if internal controls fail. Reinstated scam accounts can spread phishing links, false giveaways, and other fraud quickly. Reports say X is trying to limit harm by pursuing wrongdoing in court and tightening how account actions are approved. Featured image from Unsplash, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Dogecoin, the internet’s most famous memecoin, is preparing to leap into the world of public markets. According to sources, a Dogecoin digital asset treasury (DAT) is being pitched to investors, with a fundraising goal of at least $200 million. What makes this initiative stand out is the involvement of Alex Spiro, Elon Musk’s long-time lawyer, …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Eliza Labs, an AI software company, has sued Elon Musk’s X Corp. (formerly Twitter). The company accused X of exploiting Eliza’s technology before suspending its account and rolling out copycat AI products. The company called X’s move a “calculated and cunning” attempt to undermine competition. Eliza Labs Accuses X of Theft & Deception According to …
SpaceX's bitcoin holdings surpassed $1 billion as the cryptocurrency surged to hit a new all-time high on Wednesday.
The partnership aims to use Grok’s AI to analyze real-world events for Kalshi’s regulated prediction markets.
Elon Musk’s SpaceX has raised eyebrows in the crypto community, following the transfer of its Bitcoin holdings for the first time in three years. This has raised concerns about the possibility of the company looking to offload its coins. Elon Musk’s SpaceX Transfers Bitcoin Holdings To A Fresh Address In an X post, onchain analytics platform Arkham Intelligence revealed that Elon Musk’s SpaceX just moved Bitcoin for the first time in three years. The company sent 1,300 BTC ($153 million) to a fresh address this morning. Arkham then questioned whether this transfer was simply a move to cycle custody wallets or a plan to sell. Related Reading: The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways SpaceX transferred the funds to an unknown wallet (bc1q8….phartf), which suggests that this move is just for custody purposes rather than to sell them. Notably, the last time Elon Musk’s company moved some of its Bitcoin holdings was to Coinbase, three years ago, which was more of an indication to sell than this recent transfer. There is a possibility that Elon Musk’s SpaceX would have likely moved this $153 million to Coinbase again, rather than to a new address, if it intended to offload these coins. Arkham data shows that the coins in the fresh address remain untouched following the transfer. Meanwhile, it is worth noting that the company still holds 6,977 BTC ($827.41 million) in its recognized wallets. SpaceX first disclosed its Bitcoin holdings in 2021. This was around the same time that Elon Musk’s Tesla also announced it had purchased Bitcoin and was exploring the possibility of accepting BTC as a payment option. Arkham data shows that Tesla 11,509 BTC, worth around $1.37 billion. Tesla hasn’t moved any of its coins in the last nine months. Meanwhile, the company also ranks as the 10th largest public Bitcoin treasury, according to BitcoinTreasuries’ data. Musk’s Belief In Bitcoin Is Growing Elon Musk’s belief in Bitcoin’s potential as a hedge looks to be growing, which again makes it unlikely that SpaceX is looking to offload its coins with its recent transfer. Earlier this month, the world’s richest man confirmed that his America Party will embrace Bitcoin as “fiat is hopeless.” He made this comment amid the passing of the Big Beautiful Bill, which increases government spending and is bullish for BTC since it has a limited supply compared to the dollar. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High Elon Musk had also allegedly liked a comment made by a crypto community member about the world’s richest man possibly stacking Bitcoin, given the government’s impending money printing. This suggests that Musk may indeed be looking to invest heavily in Bitcoin. BTC maximalist Max Keiser also opined that Musk would soon be a maximalist himself. At the time of writing, the Bitcoin price is trading at around $18,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Following the latest transaction, SpaceX currently holds 6,977 BTC, worth $825 million, according to Arkham
A sudden social media jab sent Solana’s Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon Musk criticized US authorities for ignoring names on the Jeffrey Epstein “client list”, quipping that “more squirrels and raccoons have been arrested” than any Epstein affiliates. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 A nod to a squirrel named Peanut—said to have been “arrested (and killed)”—coincided with a sharp pop in the PNUT token’s value. According to on‑chain data, PNUT climbed over 10% in 24 hours, touching $0.23 at one point. Elon Musk Highlights Justice Concerns Based on reports, Musk’s post racked up more than 13.7 million views within hours. Traders quickly linked “Peanut” to the PNUT ticker. Almost immediately, PNUT price rose from about $0.22 to $0.23. Peanut price up in the last 24 hours. Source: Coingecko The token’s 24‑hour trading volume jumped roughly 80%, crossing $215 million. Market watchers estimate PNUT’s market cap now sits near $224 million, out of a total supply approaching 1 billion tokens. Market Reaction Follows Viral Meme Meme tokens often depend on hype, and PNUT was no exception. After Musk’s message spread, order books filled fast. Buy orders outnumbered sells, driving price momentum. Crypto bots and retail traders piled in, hoping to catch the wave. Some investors told reporters they moved funds into PNUT within minutes of seeing Musk’s post. They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken. pic.twitter.com/YndRadQUBE — Elon Musk (@elonmusk) July 8, 2025 Token Jump Drives Trading Frenzy Solana’s speedy network helped too. Transactions cleared in seconds, letting traders react without delay. That low‑fee environment amplifies meme coin rallies: when hype hits, people can buy or sell without worrying about high gas costs. In this case, volume spiked from around $120 million to $214 million in under a day. Related Reading: 2% Of All XRP Is In His Hands — But Who Is He? Looking Ahead, Caution Advised Despite the rush, crypto veterans warn that PNUT’s gains could reverse just as fast. Meme tokens lack fundamentals, and hype fades quickly. Traders could face losses if views shift or if Musk moves on to the next joke. For now, Musk’s satirical jab has put Peanut the Squirrel on center stage. Whether PNUT can hold its gains may depend on more viral moments—and on whether investors remember to take profits before the next twist. No ‘Client List’ Meanwhile, according to a memo obtained by Axios, the Justice Department and FBI under US President Donald Trump found no evidence that convicted sex offender Jeffrey Epstein blackmailed powerful individuals, kept a “client list,” or was murdered. Featured image from Meta, chart from TradingView