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Elon Musk Mentions Dogecoin Again — Is The Meme Coin About To Rally?

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Elon Musk waded again into the money-meets-energy debate on X at present, endorsing Bitcoin and Dogecoin.

The Tesla CEO replied to a viral ZeroHedge thread that framed synthetic intelligence as a government-funded arms race that may turbocharge financial debasement. “True. That is why Bitcoin relies on power: you’ll be able to problem faux fiat foreign money, and each authorities in historical past has executed so, however it’s unimaginable to faux power,” Musk wrote, aligning BTC’s worth proposition with bodily energy constraints.

Minutes later, when neighborhood account Sir Doge of the Coin (@dogeofficialceo) added, “Dogecoin can be primarily based on power,” Musk replied with a easy “💯,” his first express nod towards DOGE shortly, rekindling a long-running price-sensitivity query round his posts.

The market response, nevertheless, was muted. As of press time, Dogecoin traded close to $0.196, decrease on the day alongside broader crypto danger, with Bitcoin and Ethereum additionally within the crimson. Bitcoin was down on the session close to $111k, whereas Ethereum slipped under $4k, underscoring a risk-off tape that doubtless blunted any “Musk impact” impulse.

Musk’s DOGE remarks arrive amid a separate swirl of Dogecoin-adjacent headlines that caught Washington’s and Wall Street’s consideration over the past 48 hours. Representative Matt Gaetz amplified a viral thread, asking, “Is DOGE about to turn into the world’s nice utility token? After being a meme?!” — a rhetorical riff that referenced information circulating a couple of deliberate public-markets pivot by House of Doge because the “company arm” of the Dogecoin Foundation.

House of Doge intends to list on Nasdaq by way of a merger with Brag House Holdings underneath the ticker TBH, they usually additionally tie House of Doge to a rising Dogecoin treasury effort at CleanCore Solutions, newly branded on the NYSE American as ZONE. The October 13 releases additional assert that CleanCore now holds 730 million+ DOGE, concentrating on as much as 1 billion DOGE within the close to time period and, longer-run, “as much as 5%” of circulating provide.

Why Hasn’t The Dogecoin Price Reacted Positively?

Historically, Musk’s DOGE interactions have triggered sharp, if usually fleeting, value responses. During late 2024, for instance, a single “true” reply in a payments-context thread coincided with a pop as merchants extrapolated X-payments tie-ins, and the October 2024 launch of a devoted account for its funds initiative on X.

More just lately, in June 2025, DOGE jumped 3% after Musk defused a political spat. The frequent denominator: reflexive liquidity and headline-driven order movement that fades until there’s an actual impression on the meme coin. Today’s sequence matches that sample — a high-engagement Musk quip, quick social virality, however value constrained by macro tape and the absence of a concurrent, verifiable product or coverage reveal.

So why didn’t DOGE “go to the moon” on the 💯? First, the tape issues. With majors heavy, meme-beta usually underperforms. Second, the data content material of the publish is modest: Musk endorsed an energy-based framing and acknowledged a neighborhood meme — not a brand new X Payments feature, not a Tesla-commerce integration, not a tangible DOGE settlement rail. Markets have discovered to distinguish between tone and transaction.

At press time, DOGE traded at $0.19862.

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