Key Takeaways
- DOGE surged more than 8% following Elon Musk’s confirmation of X Money’s April rollout
- The X Money platform will initially support only fiat currency transactions with no crypto functionality announced
- Dogecoin reached a peak of $0.0993 before stabilizing in the $0.093–$0.099 range
- Open interest in DOGE futures climbed over 2% to reach $1.21 billion within a four-hour window
- This price movement 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 for his X social platform, would begin its early public rollout in April 2026. Despite the absence of any cryptocurrency-related features in the announcement, Dogecoin experienced a price increase exceeding 8% in the hours following Musk’s statement.
𝕏 Money early public access will launch next month
— Elon Musk (@elonmusk) March 10, 2026
The X Money service functions as a traditional fiat payment solution. Its features will encompass peer-to-peer monetary transactions, bank account connectivity, a debit card offering, cashback incentives, and a 6% annual yield on cash deposits. X has established a partnership with Visa and obtained money transmitter authorizations in more than 40 U.S. states via its X Payments subsidiary.
Star Trek legend William Shatner participated in the initial beta testing group, known as the “42ers,” and shared insights about the platform. Through posted screenshots, he revealed instant peer-to-peer transaction capabilities, debit card cashback programs, and high-yield savings options. Shatner indicated he was anticipating the ability to utilize X Money for routine transactions such as ordering pizza or purchasing groceries.
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 launch, the platform will compete directly against established payment services including PayPal, Venmo, and Cash App. The 6% yield offered on account balances exceeds nearly all traditional U.S. savings accounts and rivals returns from money market funds.
Dogecoin’s Price Movement
The memecoin rallied from a 24-hour bottom of $0.0903 to reach $0.0993 at its peak. Trading activity increased by 36% across the same period, demonstrating heightened market participation.
According to CoinGlass data, DOGE futures open interest expanded by more than 2% to $1.21 billion during a four-hour span. Breaking down by exchange, open interest climbed nearly 2% on Binance, 6% on OKX, and registered an 11% increase 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 reaction mirrors a well-established pattern. Whenever Musk alludes to payment capabilities on X, DOGE typically experiences upward price pressure driven by speculation regarding potential cryptocurrency integration. This behavioral pattern has repeated itself on numerous occasions since 2021.
Elon Musk has publicly stated that Dogecoin is his “favorite cryptocurrency.” In 2022, Tesla temporarily enabled DOGE payments for company merchandise. Nevertheless, X’s product lead Nikita Bier stated in February that any cryptocurrency features on X would be limited to providing information and links to third-party exchanges rather than facilitating direct trading.
Cryptocurrency Integration Possibilities
Musk recently shared a third-party projection that identified “crypto integration” among potential future X Money capabilities, though X has issued no official confirmation regarding this feature.
The Dogecoin supporter base remains hopeful for eventual DOGE integration into the platform, despite the absence of any official timeline or confirmation from X.
As of press time, DOGE was changing hands near $0.099, positioning it as the top performer among major cryptocurrencies across both 24-hour and weekly timeframes.
