Key Highlights
- DOGE experienced an 8%+ price increase following Elon Musk’s X Money April launch confirmation
- The X Money platform is currently fiat-focused with no official cryptocurrency features announced
- Dogecoin peaked at $0.0993 before consolidating between $0.093 and $0.099
- Futures open interest for DOGE increased by more than 2% to reach $1.21 billion within a 4-hour window
- This rally continues a historical trend of DOGE responding to Musk’s X-related updates
On March 10, Elon Musk revealed that X Money, the payment functionality being developed for his X social platform, would begin early public access rollout in April 2026. Despite the absence of any cryptocurrency mentions in the announcement, Dogecoin experienced an impressive 8%+ surge in the following hours.
đť•Ź Money early public access will launch next month
— Elon Musk (@elonmusk) March 10, 2026
The X Money service is being built as a traditional fiat currency payment solution. Features include person-to-person money transfers, direct bank account connectivity, a linked debit card, cashback incentives, and an attractive 6% annual yield on deposited funds. The platform has secured partnerships with Visa and obtained money transmitter licensing across more than 40 U.S. states via its X Payments subsidiary.
Star Trek legend William Shatner joined the initial beta testing group, known as the “42ers,” and shared early glimpses of the platform’s capabilities. His posts revealed functionality including instantaneous peer-to-peer payments, debit card cashback programs, and high-yield savings options. Shatner mentioned he’s anticipating the ability to complete routine transactions like ordering pizza or buying groceries through X Money.
Still waiting for the @XMoney firsts: there’s pizza, burgers, tacos, haircuts, groceries…
Be clever and be the first 42ers!— William Shatner (@WilliamShatner) March 10, 2026
With X Money’s feature set, the platform will directly challenge established payment services including PayPal, Venmo, and Cash App. The advertised 6% interest rate on account balances surpasses nearly all traditional U.S. savings accounts and competes favorably with money market fund offerings.
How DOGE Responded to the News
The Dogecoin price advanced from a 24-hour bottom of $0.0903 to reach a peak of $0.0993. Market activity intensified with trading volume increasing 36% throughout the day, signaling heightened trader engagement.
According to CoinGlass data, DOGE futures open interest climbed over 2% to $1.21 billion within a four-hour timeframe. Breaking down by platform, open interest expanded approximately 2% on Binance, 6% on OKX, and an impressive 11% on Bybit.
$DOGE is finally waking up!
We just saw a massive 9% bounce off the $0.09 support floor today. We are officially testing that major descending resistance trendline. Flip $0.10 and the memes are back in control! 🚀 pic.twitter.com/bKAumL8xSU
— FOUR | Crypto Spaces (@X_Four_iv) March 10, 2026
This price movement represents a recurring phenomenon. Whenever Musk discusses payment capabilities on X, DOGE typically experiences upward momentum driven by speculation regarding potential cryptocurrency implementation. This behavioral pattern has been observed repeatedly since 2021.
Elon Musk has publicly stated that Dogecoin is his “favorite cryptocurrency” in the past. Tesla experimented with accepting DOGE for select merchandise transactions during 2022. Nevertheless, Nikita Bier, X’s product chief, stated in February that any cryptocurrency features on X would be limited to displaying information and linking to third-party exchanges rather than facilitating direct trading.
The Cryptocurrency Question for X Money
While Musk recently shared a third-party projection that included “crypto integration” among potential future X Money capabilities, the company has issued no official statement confirming such plans.
The Dogecoin enthusiast community maintains optimism about eventual DOGE integration with the platform, despite the absence of any official timeline or company confirmation.
As of publication, DOGE was changing hands near $0.099, positioning it as the top performer among major cryptocurrencies across both 24-hour and weekly timeframes.
