Key Takeaways
- DOGE price rallied more than 8% following Elon Musk’s confirmation of X Money’s April release
- The new X Money platform focuses exclusively on fiat payments with no verified cryptocurrency features
- Dogecoin reached a peak of $0.0993 before stabilizing between $0.093 and $0.099
- Open interest in DOGE futures contracts climbed over 2% to $1.21 billion within a four-hour window
- This price rally mirrors previous instances where DOGE responds to Musk’s X-related updates
On March 10, Elon Musk revealed that X Money, the payment functionality for his X social platform, will begin its early public rollout in April 2026. The news triggered an immediate 8% rally in Dogecoin, despite the absence of any cryptocurrency-related announcements for the payment service.
𝕏 Money early public access will launch next month
— Elon Musk (@elonmusk) March 10, 2026
The X Money platform centers on traditional fiat currency transactions. Its features include person-to-person money transfers, direct bank account connections, a debit card offering, rewards through cashback programs, and a 6% annual percentage yield on cash deposits. X has established a partnership with Visa and secured money transmitter licensing across more than 40 U.S. states via its X Payments subsidiary.
Star Trek’s William Shatner participated in the initial beta testing group, known as the “42ers,” and publicly shared insights into the platform’s capabilities. His posts included screenshots demonstrating instant peer-to-peer transactions, debit card cashback functionality, and yield-generating savings options. Shatner mentioned he’s looking forward to using X Money for routine purchases such as pizza orders and grocery shopping.
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 positions itself as a rival to established payment services including PayPal, Venmo, and Cash App. The offered 6% yield on account balances exceeds nearly all traditional U.S. savings accounts and matches returns typically found in money market funds.
How DOGE Responded
Dogecoin’s value increased from a 24-hour bottom of $0.0903 to reach $0.0993 at its peak. Daily trading volume expanded by 36%, signaling heightened market activity and trader engagement.
DOGE futures open interest tracked by CoinGlass surged more than 2% to reach $1.21 billion during a four-hour period. Exchange-specific data showed open interest growth of nearly 2% on Binance, 6% on OKX, and a notable 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 movement represents a recurring trend. Whenever Musk discusses payment capabilities for X, DOGE typically experiences upward momentum driven by speculation about potential cryptocurrency incorporation. This behavioral pattern has been observable repeatedly since 2021.
Musk has openly stated that Dogecoin is his “favorite cryptocurrency” in the past. Tesla experimented with accepting DOGE for select merchandise in 2022. Despite this history, X’s product lead Nikita Bier stated in February that any cryptocurrency functionality on X would be limited to displaying information and directing users to third-party exchanges — not facilitating direct transactions.
Crypto Features Remain Uncertain for X Money
While Musk recently shared a third-party projection that included “crypto integration” among potential X Money features, the company hasn’t issued any official statement confirming such plans.
Members of the Dogecoin community maintain optimism about eventual DOGE integration into the platform, although no official timeline or confirmation has been provided by X.
As of this writing, DOGE was valued at approximately $0.099, positioning it as the top performer among major cryptocurrencies across both 24-hour and weekly timeframes.
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