Famous billionaire Elon Musk, who is the CEO of Tesla and SpaceX and was chosen as the Person of the Year by the world-famous TIME magazine, again managed to activate the crypto money market. Musk made a mark on Twitter with his Dogecoin-focused statement.

Elon Musk announced on his twitter account that Tesla products can be purchased with Dogecoin (DOGE). After Elon Musk's Dogecoin announcement, the price of Dogecoin increased by nearly 20 percent.

"Tesla merch buyable with Dogecoin"

Musk's tweet quickly received thousands of likes and retweets.

Products Are Consumed Quickly

When the website is examined after Musk's announcement in the morning, we can see that the company is currently selling a few pieces of products for DOGE. After Musk's announcement, the DOGE price also increased.

DOGEUSD_2022-01-14_17-08-09

According to Coinecko data, DOGE has increased by 13% in the last 24 hours and by 20% in the last 7 days. At the time of writing, the popular meme coin was trading at $0.191691.

Tesla started selling a few pieces of products priced with Doge. Tesla's product lead, Taylor Robinette, posted a photo of the two items on his official Twitter account: "Cyberwhistle/cyberwhistle" sold out quickly as it went on sale for 300 DOGE. In addition, the belt buckle named “Giga Texas Belt Buckle” was priced at 835 DOGE.

Tesla also offered the Cyberquad ATV, which was produced for children, for 12020 DOGE. This product is currently out of stock. The only in-stock product available on the website is the belt buckle.

Earlier today, Billy Markus, the co-founder of Dogecoin, urged the DOGE community to spend their meme cryptocurrency wealth on Tesla products.

Whales Keep Making Dogecoin Transfers

According to the Dogecoin Whale page, 39 million Dogecoins have been transferred between anonymous wallets in the last 24 hours. Each transaction moved 4 million, 5 million or 8 million meme coins. On the other hand, recent data shows that an Ethereum whale has added 8 million Dogecoins (DOGE) to its holdings. An anonymous Ethereum whale received 8 million DOGE worth $1,411,777, according to data provided by WhaleStats.