Key Takeaways
- Dogecoin rallied more than 8% following Elon Musk’s confirmation of X Money’s April rollout
- The X Money platform focuses exclusively on fiat currency — cryptocurrency support remains unconfirmed
- DOGE peaked at $0.0993 before stabilizing in the $0.093–$0.099 range
- Futures open interest for DOGE climbed more than 2% to $1.21 billion within a four-hour window
- This rally follows a familiar pattern of DOGE responding to Musk’s X-related updates
On March 10, Elon Musk announced that X Money, the payment functionality for his X social platform, would begin early public access in April 2026. The news triggered an immediate 8% surge in Dogecoin, despite the absence of any cryptocurrency-related features in X Money’s announced capabilities.
𝕏 Money early public access will launch next month
— Elon Musk (@elonmusk) March 10, 2026
The X Money service centers on traditional fiat currency operations. Planned features include person-to-person transfers, direct bank account connections, a debit card program, cashback incentives, and a 6% annual yield on cash deposits. X has secured partnerships with Visa and obtained money transmitter authorizations in more than 40 U.S. states via its X Payments division.
Beta testing has begun with a select group known as “42ers,” which includes actor William Shatner of Star Trek fame. Shatner shared glimpses of the platform’s capabilities, including immediate P2P transfers, debit card rewards, and interest-bearing savings accounts. He mentioned anticipating the ability to use X Money for routine transactions such as ordering pizza or buying 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 positions itself as a challenger to established payment services including PayPal, Venmo, and Cash App. The offered 6% return on deposits exceeds nearly all traditional U.S. savings accounts and rivals money market fund yields.
How DOGE Responded to the News
Dogecoin’s value increased from a 24-hour floor of $0.0903 to a peak of $0.0993. Trading activity expanded by 36% over the same timeframe, signaling heightened market engagement.
DOGE futures open interest tracked by CoinGlass increased by over 2% to reach $1.21 billion in merely four hours. Breaking down by platform, Binance saw a nearly 2% rise, OKX recorded a 6% increase, and Bybit experienced an 11% jump in open interest.
$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 aligns with an established trend. Whenever Musk references payment capabilities for X, DOGE typically experiences upward momentum driven by speculation regarding potential cryptocurrency functionality. This behavior has repeated itself consistently since 2021.
Elon Musk has publicly stated Dogecoin is his “favorite cryptocurrency.” In 2022, Tesla temporarily enabled DOGE payments for company merchandise. Nevertheless, X’s product lead Nikita Bier explained in February that any cryptocurrency features on X would be limited to informational displays and external exchange links — not direct transaction execution.
Will Crypto Come to X Money?
Musk recently shared a third-party projection that included “crypto integration” among potential future X Money capabilities, but X has issued no official statement validating this feature.
The Dogecoin supporter base remains optimistic about eventual DOGE implementation, although neither a confirmed schedule nor official validation has emerged from 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 intervals.
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