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PleasrHouse next episode to auction the doge couch

PleasrHouse: A group of DeFi leaders, NFT collectors, and digital artists established PleasrDAO as a platform during the NFT boom in 2021.

The collective has changed since then.

It is now an art collecting empire that has assembled the most recognizable and varied collection of works of art.

To give potential buyers the chance to win the sofa from the original doge meme, PleasrHouse will hold a 24-hour NFT auction for their latest episode.

A new trend

10,000 pixelated feet were the highest selling NFTs on OpenSea last month, temporarily surpassing Bored Ape Yacht Club and other NFT mainstays.

The mundane is auctioned off in the same way at the PleasrHouse auction.

On February 8th, they will broadcast the auction together with special guests, including the original photographer Atsuko Sato.

The renowned Shiba Inu Kabosu will also participate.

The group views the episode’s Open Edition NFT drop as a method to pay tribute to Kabosu and help charitable causes.

In a statement, Tridog, a leader of the Own the Doge and PleasrDAO communities, claimed that Kabosu’s illness last month was the reason behind the couch sale.

The group came together with several others to assist Atsuko and Kabosu with their medical debt.

The auction

The original couch from the 2010 Kabosu photograph will be offered for auction, according to a PleasrDAO announcement.

The winner will get an NFT straight away and have the chance of claiming the couch from Sato.

People who aren’t ready to place a bid to purchase the couch may still own a portion through Own the Doge’s fractionalized image, according to Chris Eberle, the head of marketing at PleasrDAO.


In an effort to purchase an NFT from digital artist Emily “pplpleasr” Yang, who also served as the name inspiration, PleasrDAO was founded in 2021.

They introduced PleasrHouse in January to coincide with the creation of political activist Daniel Ellsberg’s and whistleblower Edward Snowden’s Ethereum NFT.

The “Wouldn’t You Go to Prison to Help End This War?” project celebrated the 1971 publication of Ellsberg’s Pentagon Papers.

During a PleasrHouse live stream, it was put up for auction.

Read also: Cool Cats unveils 2023 plans, and it gets better

“This whole format – an NFT auction during a live streaming talk show with folks chatting with thor ENS as their chat handles – is an experiment,” said Eberle.

“We’re learning as we go.”

The Freedom of the Press Foundation and the Daniel Ellsberg Initiative for Peace and Democracy both received donations afterwards.

“Episode 01 of PleasrHouse was a success,” said Eberle.

“Feeback on the product, the content, and the caliber of our guests was overwhelmingly positive, and we know crypto Twitter will tell you when they don’t like something.”

The Doge couch

The photo was purchased and thereafter fractionalized by PleasrDAO.

Since then, Atsuko Sato and Own the Doge have developed a partnership through which she has raised money for her favorite animal and children’s charities.

The organization claims that the couch auction will continue their mission.

“When we fractionalized the NFT, we started the Own the Doge (OTD) community, who has developed a very strong relationship with Atsuko,” said Eberle.

“The Do Only Good Everyday ethos from dogecoiners really resonates with Atusko, and the OTD community has donated $2m+ to charities.”

“$1m of those donations went to Save the Children, and is their largest crypto donation to date.”

Dogecoin origins

As a prank, Jackson Palmer accidently invented the first “meme coin” in 2013 when he launched Dogecoin.

It was a parody of the Shiba Inu “doge” meme.

A photo taken by Japanese kindergarten teacher Atsuko Sato served as the inspiration for the doge meme.

Despite the project’s success, Palmer departed Dogecoin in 2015.

He is now regarded as one of the most outspoken detractors of cryptocurrencies.

From its humble beginnings as a meme coin, Dogecoin has grown into one of the industry’s biggest names.

2020 saw it acquire more traction once Tesla owner Elon Musk began to support it.

In today’s market, Dogecoin consistently ranks among the top 10 cryptocurrencies.

Behind Bitcoin, it is the second-largest proof-of-work blockchain.

Image source: NBC News

Dogecoin plummets overnight, suffers major loss

Image source: Marca

Dogecoin (DOGE), the crypto industry’s most prominent meme coin by market capitalization, plummeted over 9% overnight.


The meme coin is now trading at around $0.088 after the latest drop.

Additionally, the Bears have been controlling the token for the past week.

To elaborate, Dogecoin fell almost 16% over the past seven days.

Following Ethereum and Bitcoin, DOGE generated the third-highest liquidations in the past 24 hours.

Meanwhile, Coinglass reports a total of $6.34 million in DOGE liquidations.

The majority of the liquidation occurred on the crypto exchange Binance and roughly half of the liquidation ($3.79 million) was liquidated in the last 12 hours.

Read also: Maxine Waters means business, urges SBF to appear


The accumulated losses have yet to affect the gains earned at the end of November following speculation that Elon Musk would incorporate Dogecoin into Twitter.

During a recent presentation, Musk shared user metrics for the site along with new updates like encrypted messaging and long-form tweets.

However, the final box beside “Payments” remains blank, prompting speculations that Musk has big plans to introduce cryptocurrency, particularly Dogecoin.

Despite the speculations, there has been little indication that he will push with the plans.

Other drops

Despite Dogecoin suffering the most significant losses in the top 10 largest cryptocurrencies, it wasn’t the only one to drop points.

In the past 24 hours, Bitcoin and Ethereum dropped -0.7% and -1.5%, respectively.

Bitcoin is currently trading for $17,028.75, while Ethereum sells at $1,252.90.

Ethereum led the liquidations in the same period, posting $12.57 million in blown-out leveraged positions.

Meanwhile, Bitcoin traders lost $9.25 million in the latest bearish impulse.

Read also: Blockchain industry set to flourish in the Middle East

Other notes

In the crypto space, patrons are focused on Tuesday’s meeting with the House Financial Service Committee.

Sam Bankman-Fried, the former CEO of FTX and Alameda Research, is expected to testify and explain how his crypto exchange collapsed in November.

“I still do not have access to much of my data – professional or personal,” he said in a Twitter conversation with House Chairwoman Maxine Waters.

“So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like.”

“But as the committee still thinks it would be useful, I am willing to testify on the 13th.”

Additionally, the Federal Reserve is meeting on Wednesday.

The market expects the central bank to raise interest rates by 50 basis points.

The previous rate raises were 75 basis points, indicating that the Fed is on track to slowing down its attack on inflation, given the latest data points.


Dogecoin plummets 9% as crypto markets flash red

DogeCoin manages better Black Friday than other coins

Image source: Crypto Stars

DogeCoin had an intense week on Black Friday as it outperformed Bitcoin and Ethereum in the crypto market.

Friday movement

On Friday, the revolutionary meme coin jumped 10.5% over a 24-hour period, as recorded by CoinGecko.

Despite the surge, it was far from DogeCoin’s all-time high in May 2021, when the coin hit 73 cents.

DogeCoin’s massive leap came when Elon Musk, an avid supporter of the meme coin, hosted Saturday Night Live.

The coin first started as a joke but became the Tesla owner’s digital asset of choice.

During Black Friday, DogeCoin became the best-performing major cryptocurrency in the market.

Read also: FTX struck with major debt to 50 creditors

Other coins

Bitcoin, the leading cryptocurrency, fell 0.5% on Friday, while Ethereum dropped to nearly 1%.

Meanwhile, the cryptocurrency market continues to reel after a brutal month.

Investors were disappointed to hear that FTX, one of the most prominent and promising cryptocurrency exchanges, has gone bankrupt.

As a result, almost every major coin and token went through a sell-off.

It is unknown how DogeCoin handled a better Black Friday rally, but the Crypto Twitter speculation has gone viral.

Writing about the future of blockchain, David Gokhshtein, an influencer, said:

“I feel that we’ll all see Vitalik and Elon working together to somehow upgrade $DOGE.”

The meme coin

DogeCoin was created in 2013 by engineers who jokingly paid tribute to the “doge” meme, a Shiba Inu dog who speaks broken English.

However, Elon Musk started pumping the coin on Twitter in 2020 (which he now owns), driving up its value.

From there, Musk and Mark Cuban, an influential investor, argued over the usefulness of paying with the coin.

Despite the rally, DogeCoin is still down 91% from its peak.

Read also: Blockchain industry set to flourish in the Middle East

Current movement

As of this writing, DogeCoin has a market capitalization of $12.7 million.

While it is down -11.4% in the last 24 hours, the coin is selling for $0.093136.


Dogecoin gets double-digit Black Friday pump

Dogecoin climbs higher after Elon Musk’s Twitter purchase

Image source: Fox Business

Dogecoin is booming now more than ever after Elon Musk took over Twitter, taking the coin out of crypto winter.

The meme coin is currently on sale for $0.12.

Dogecoin rally

The meme coin enjoyed a rally when the richest man in the world finally bought the popular social media platform last week.

Earlier this week, Dogecoin’s value briefly doubled, going up to 14 cents.

Elon Musk’s influence on the cryptocurrency has been going on for years, but the coin eventually eclipsed prices that hadn’t been seen in May.

Although Musk didn’t mention Dogecoin after the purchase on Twitter, he replied to Billy Markus on Twitter, one of the developers behind the meme coin.

Over the past week, the cryptocurrency’s value has grown even more.

The meme coin jumped from $8.1 billion to $ 16,630,929,389 (as of this writing).

Dogecoin has already overtaken coins like Cardano and Solana to become market capitalization’s eighth most popular cryptocurrency.

Read also: Dogecoin prices shoot up after Elon Musk decides to push for buying Twitter

Crypto exchanges

The meme coin has experienced significant volume in major cryptocurrency exchanges in the past few days.

It is currently the third most traded token on Coinbase, accounting for 14% of the exchange’s total trading volume.

Meanwhile, trading between stablecoin Tether and Dogecoin has generated $1.8 billion on Binance in the past 24 hours.

It accounts for 10% of the total trading volume of the Binance exchange.

Additionally, the cryptocurrency and Binance USD trading exceeded $900 million, accounting for 5% of Binance’s total trading volume.

Coin movement

Despite the rally, Dogecoin is still down 84% from its all-time high.

The coin hit 73 cents in May last year.

That day, Elon Musk was a guest on Saturday Night Live.

After Musk’s SNL appearance, the coin plummeted 35% after he called it the future of the currency but also referred to it as a hustle.

Read also: Elon Musk Stands His Ground in Supporting Dogecoin Despite Lawsuit

Musk and Dogecoin

Dogecoin’s growing popularity can partly be attributed to Musk’s long-standing relationship with the meme coin.

In the past, he has referenced the coin in a few tweets.

Musk then added Dogecoin as a payment method for some of his companies’ products and services.

Select Tesla merchandise are available for sale with the meme coin on the company’s website.

Additionally, The Boring Company accepts cryptocurrency as payment for its Las Vegas Loop.

In April, Elon Musk announced plans to allow Twitter users to use Dogecoin to pay for Twitter Blue, the platform’s premium subscription service.

The Tesla founder’s fondness for the meme coin dates back to 2019 when he tweeted:

“Dogecoin may be my fav [sic] cryptocurrency.”

From there, he would share memes about the coin.

However, not everyone believes that Musk endorsed the cryptocurrency in good faith.

In June, Musk, SpaceX and Tesla were slapped with a $258 billion lawsuit.

The lawsuit alleged that Elon Musk was pumping the cryptocurrency.

Apart from Dogecoin, Musk’s acquisition has also impacted dog-themed coins like Shiba Inu and Dogechain.

The two coins are up 19% and 100% this week.


Dogecoin leaps 94% in weekly gains following Elon Musk’s Twitter acquisition

Dogecoin prices shoot up after Elon Musk decides to push for buying Twitter

Image source: CNN

On Tuesday, news that Elon Musk was pushing to acquire Twitter rocked the crypto space as Dogecoin jumped 8%.

According to Bloomberg, Musk’s lawyers sent a letter the night before offering him to buy the company for its initial offer: $54.20 per share.

When the news broke, DOGE jumped 8.1% to $0.0648, as reported by CoinGecko.

Elon Musk and Dogecoin

Tesla’s CEO and Dogecoin share a long history.

Over the past decade, Elon Musk has praised DOGE in several tweets that he said were ironic when he started talking about it.

However, as the years went by, there seemed to be a real working relationship with the Dogecoin developers.

Whether joking or not, Musk’s tweets on DOGE have generally helped the token price skyrocket.

For example, in May 2021, when Musk was invited to host “Saturday Night Live,” his presence helped DOGE hit a record high of $0.72.

In the following year, however, the currency plummeted by more than 90%.

Elon Musk and Twitter

For months, Elon Musk’s bid to buy the social media platform has been mired in drama and twists and turns.

Initially offering to buy Twitter, the board balked and took steps to prevent a hostile takeover.

However, the board decided to accept a $44 million offer from Musk within weeks.

Elon Musk then backtracked, saying the social media platform’s user base had more spam bots than Twitter had originally claimed.

The Tesla CEO then tried to call off the deal in July, despite Twitter’s insistence that the deal go through as planned.

They also said Musk was contractually obligated to do his part.

The situation today

Months later, Elon Musk decided to change his mind.

While it remains to be seen what caused the CEO of Tesla to change his mind, the news had an impact on all of crypto and the stock market.

As of this writing, Twitter shares are trading at $51.67.

If the deal goes through, it could also be good for Dogecoin.

When Musk offered to buy Twitter in April, he said he might consider adding DOGE as a payment method.


Dogecoin pumps as Elon Musk agrees (again) to buy Twitter

75% of Tesla’s Bitcoin Assets Sold but Dogecoin Remains Untouched

During Tesla’s second-quarter earnings report, the company announced that it had sold 75% of its Bitcoin holdings for $963 million.

However, while a significant percentage of major cryptocurrencies have been sold off, Elon Musk has revealed that Tesla is sticking to its Dogecoin holdings.

Elon Musk and Dogecoin

The news came via a quarterly call to investors that Musk has not sold any of his Dogecoin holdings.

“We have not sold any of our Dogecoin,” he said. “We still have it.”

The CEO of Tesla has previously stated that although he personally owns Dogecoin, he has not indicated that the company owns the coin

However, the automaker accepts Dogecoin as payment for some products on its website.

It’s unclear whether Tesla was holding the tokens to buy goods or making special coin purchases that the CEO was supporting on Twitter.

Tesla and cryptocurrencies

The automaker revealed that the $963 million in Bitcoin left it with $218 million in digital assets.

It is reported that Tesla had over 32,000 bitcoins planned for the second quarter, and at 75% of sales, there would likely be around 10,500 left by the end of the quarter.

“As of the end of Q2, we have converted approximately 75% of our Bitcoin purchase into fiat currency,” the press release reads.

“Conversions in Q2 added $936 of cash to our balance sheet.”

Read also: Sango Project in the Central African Republic to Push Bitcoin Decision

Early Bitcoin ventures

Prior to selling its assets, Tesla had not bought or sold any of its Bitcoin holdings since the first quarter of 2021 – it bought $ 1.5 billion in Bitcoin.

The company then scrapped 10% of its assets and sold it for $ 272 million in cash.

Why did Tesla sell its Bitcoins?

Speaking to analysts, Elon Musk explained that “the reason we sold some of our Bitcoin stock was because we weren’t sure when COVID blocks in China would loosen.

“So it was important for us to maximize our cash position, given the uncertainty of the COVID lockdowns in China.”

“We are certainly open to increasing our Bitcoin holdings in the future,” Musk added. So this shouldn’t be taken as a judgment on Bitcoin.

“So this should not be taken as some verdict on Bitcoin. It’s just that we were concerned about overall liquidity for the company, given COVID shutdowns in China.

And we have not sold any of our Dogecoin.”

Read also: Elon Musk Stands His Ground in Supporting Dogecoin Despite Lawsuit

The earnings report

Tesla’s second quarter earnings report on Wednesday showed earnings ahead of estimates, with earnings in line with expectations.

During the quarter, adjusted earnings per share were $2.27 compared to an estimate of $1.83. Revenue was $16.9 billion, slightly above expectations of $16.88 billion.


Following the unveiling of Bitcoin in 2021, Musk announced that Tesla would also accept Bitcoin as payment for its vehicles.

A month later, Tesla’s CEO appeared on Saturday Night Live in a skit in which he called Dogecoin a “hustle” and sent the cryptocurrency down 20% an hour later.

Four days later, Tesla withdrew Bitcoin from Tesla’s offering, with Musk expressing concern about “rapidly increasing use of fossil fuels for Bitcoin mining,” the process by which Bitcoin is created.

Musk also said the company would not sell any of its Bitcoins.


Tesla’s latest earnings release follows a report from Barclays analyst Brian Johnson.

He warned that the company could face a write-down of up to $460 million if it did not decide to sell its bitcoin holdings.

The sale reduced Tesla’s depreciation for holding the asset, as publicly traded companies are required to account for the asset.

Tesla shares were little changed in after-hours trading, up 0.6%.

Shares of the company have also risen 4% over the past month. Bitcoin is currently trading at $22,760.60, a significant increase from the price of $18,000 at the end of June.


Tesla sells $936 million worth of Bitcoin in the second quarter, still holds Dogecoin

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