|

Elon Musk Rekindles Dogecoin Hype: ‘It’s Time’

😀

Elon Musk has as soon as once more turned his consideration to Dogecoin (DOGE), and this time, he says it’s “time.” On Nov. 3, the SpaceX and Tesla CEO posted a terse replace on X: “It’s time.” The submit got here in reply to Dogecoin group member DogeDesigner (@cb_doge), who wrote: “No Highs, No Lows, Only DOGE” and shared a screenshot of Musk’s viral promise from April 2021 when he posted through X: “SpaceX goes to place a literal Dogecoin on the literal moon.”

The new comment instantly revived recollections of the DOGE-1 mission—SpaceX’s first payload paid totally in Dogecoin and broadly publicized in 2021 as a symbolic and technical first for crypto in area. Back then, a single Musk tweet routinely jolted DOGE double digits inside minutes; certainly, his May 9–10, 2021 posts and the accompanying press push marked the second Dogecoin grew to become a mainstream cultural and market phenomenon.

Yet this newest nudge landed in a different way. As of early Nov. 4, DOGE traded decrease on the day alongside the broader crypto advanced. Bitcoin and Ethereum have been additionally crimson, underscoring the risk-off backdrop that muted any fast “Musk impact.”

Market situations assist clarify the non-reaction. Crypto opened November below stress after a bruising October, with Bitcoin down roughly 2–3% over 24 hours and main altcoins deeper within the crimson. Macro-wise, merchants are digesting hawkish commentary from the Federal Reserve and a shaky threat tone; liquidations and fading momentum have added to the drag. In that context, a single meme-coded tweet—even from Musk—was not sufficient to overwhelm prevailing threat aversion.

The Dogecoin Mission: What DOGE-1 Actually Is

Announced in May 2021 by Geometric Energy Corporation (GEC) and SpaceX, DOGE-1 is a 12U/≈40-kg CubeSat slated to fly on a Falcon 9 as a rideshare payload. The mission has been billed as the primary business lunar payload paid totally in DOGE, with SpaceX executives on the time framing it as proof that crypto can perform as a unit of account in area commerce. According to the unique GEC launch and contemporaneous reporting, DOGE-1 carries cameras and sensors supposed to gather “lunar-spatial intelligence,” with built-in communications and onboard compute.

The core factors from the first sources are unambiguous. In the May 9, 2021 GEC press launch: “DOGE-1 Mission to the Moon—the first-ever business lunar payload in historical past paid totally with DOGE—will launch aboard a SpaceX Falcon 9 rocket,” and SpaceX’s VP of Commercial Sales Tom Ochinero added, “This mission will reveal the appliance of cryptocurrency past Earth orbit and set the muse for interplanetary commerce.” The identical day, Musk amplified the message on X: “Mission paid for in Doge — 1st crypto in area — 1st meme in area.”

Notably, DOGE-1’s timeline has slipped from the preliminary Q1 2022 goal, and as of 2025 it has not launched. Reputable mission trackers listing the spacecraft as “not launched,” with “anticipated in 2025,” and observe the Falcon 9 rideshare profile.

Why Musk’s “It’s time” Didn’t Move DOGE This Time

The divergence between 2021 and 2025 is instructive. In May 2021, DOGE was within the enamel of a risk-on, liquidity-rich cycle, and the DOGE-1 storyline was each novel and reflexive: tweets begat flows; flows begat larger costs; larger costs turbocharged meme engagement.

Today’s setup is totally different. After a uncommon adverse October for Bitcoin, November started with additional drawdowns throughout majors. Against that backdrop, DOGE’s intraday drop close to the time of Musk’s remark is per broad beta, not idiosyncratic promoting. In brief, the message was loud, however the market was louder.

If or when DOGE-1 receives a nailed-down launch slot—and SpaceX/GEC re-confirm payload readiness—headline hype may return to Dogecoin. But value influence will hinge much less on memes and extra on the macro tape—charges, liquidity, and broader crypto threat urge for food—than it did in 2021.

For now, Musk’s newest line offers hope that Dogecoin’s moon mission may very well be beginning quickly, regardless that there’s nonetheless no confirmed launch date or manifest slot from SpaceX or GEC.

At press time, DOGE traded at $0.16551.

Similar Posts