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Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet
DOGE has a history of moving on Musk comments or payments-related developments of his companies.
Popular memecoin Dogecoin jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service.
Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an X post, speculating that it might be for sending money as part of X Payments.
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Musk replied "true" to the post.
True
— Elon Musk (@elonmusk) November 22, 2024
Dogecoin's price has a history of moving on payments-related news — no matter how fanciful — at any Elon Musk-owned companies including X, formerly known as Twitter. Musk long floated his plans to turn the social media site into an "everything-app," encompassing payments between users. X Payments LLC obtained money transmitting licenses in most U.S. states, excluding New York.
Some crypto enthusiasts speculate that the service, once live, might include transactions with some digital assets such as DOGE, given Musk's long-standing affection for the token. Musk’s electric car company, Tesla, already accepts DOGE payments for some merchandise purchases in its online store.
DOGE advanced 5.4% over the past 24 hours, outperforming flat bitcoin prices. The token is up 190% over the past month and trading at its highest level since May 2021.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Memecoin boom turns into capitulation one year after $150 billion market peak
Daily memecoin volume slumped to just under $5 billion this month after surging more than 760% to near $87 billion in 2024 as interest in the pop-culture crypto tokens evaporated.
Bilinmesi gerekenler:
- Memecoins, valued at $150 billion at the end of 2024, slid to just over $47 billion by November.
- Dogecoin and a few other tokens make up more than half of the current memecoin market capitalization.
- Interest in memecoins plummeted more than 80% in 2025, with trading volumes and engagement dropping significantly.
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