Dogecoin Barely Blinks As Musk Confirms X Money Is Running Internally

Elon Musk has confirmed that X’s long-promised funds layer, X Money, is already working inside the corporate — however Dogecoin, his on-again-off-again favourite meme coin, has barely twitched.

Replying to developer and X feature-watcher Nima Owji on December 10, Musk dropped a characteristically terse replace: “It has been launched internally.” Within hours, promoter Mario Nawfal was broadcasting that “X MONEY IS LIVE BEHIND CLOSED DOORS, PUBLIC LAUNCH NEXT,” describing the system as “quietly examined by workers and early customers whereas the remainder of the world waits for entry.”

It has been launched internally

— Elon Musk (@elonmusk) December 10, 2025

The market, nevertheless, didn’t precisely wait breathlessly. As of press time, Dogecoin traded round $0.137, down lower than 0.1% on the day — basically noise, given an intraday vary between roughly $0.137 and $0.150. For a coin that after ripped 20–30% on a single Elon meme, that is… subdued.

Why Is The Dogecoin Price Not Reacting?

The distinction with earlier X Money headlines is stark. When Musk first framed the funds stack as a part of a broader relaunch of XChat in mid-November, he boasted that X had “simply rolled out a complete new communications stack with encrypted messages, audio/video calls and file switch,” including pointedly: “Money comes out quickly… X would be the every part app.”

Dogecoin and different high-beta names squeezed increased on that story, if solely briefly. Back in May, when Musk confirmed {that a} beta model of X Money was coming, DOGE jumped from about $0.08 to $0.09 on the announcement — a double-digit proportion transfer triggered by yet one more trace that the canine is likely to be wired into X’s rails.

Today’s non-reaction lands in opposition to a deeper build-out of X Money within the background. According to a current job posting, X Money is hiring a technical result in design a funds platform “from the bottom up” for greater than 600 million month-to-month customers, with an emphasis on distributed programs and safe transactions.

The description notably doesn’t point out crypto or Dogecoin in any respect. Notably, X Money already introduced a partnership with Visa earlier this 12 months for an “X Money Account” that may fund wallets and peer-to-peer funds, whereas Solana figures — together with ecosystem advisor Nikita Bier, now at X — have publicly signaled they’re keen to assist.

Crucially, Musk has not precisely gone quiet on Dogecoin normally. On November 3 he posted “It’s time” on X, reviving his outdated promise to “put a literal Dogecoin on the literal moon” by way of a SpaceX mission, as reported by Bitcoinist.

In mid-October he waded into the “vitality cash” debate, backing Bitcoin as not possible to “pretend” as a result of it’s grounded in vitality after which replying with an approving emoji when a Dogecoin neighborhood account insisted that “Dogecoin can also be based mostly on vitality” — his “first express nod towards DOGE shortly,” as reported on NewsBTC.

Even extra not too long ago, on October 11 and once more on November 15, Musk posted Doge-coded content material — a Shiba Inu mascot picture, then a meme of a Shiba taking part in a banjo — that traditionally would have lit up DOGE order books. However, this time, Dogecoin’s response was muted to outright damaging.

In different phrases, the previous couple of instances Musk has talked about or referenced Dogecoin on X, the market response has been steadily decaying. So when he now says X Money “has been launched internally,” the absence of a pump in DOGE seems much less like a thriller and extra like a pattern.

At press time, DOGE traded at $0.13765.