DOGE-1 Surges Over 300% After Elon Musk’s “It’s Time” X Post

• DOGE-1 price jumped 350% after Musk’s comment, reaching $0.0014 before settling at $0.0012.

• Trading volume hit $1 million in 24 hours, down 30% from prior day amid broader market dips.

• Prominent trader Mitch acquired 16.27 million tokens for 100 SOL, now valued at $19,665, up from $14,800 investment.

DOGE-1 surges 300% after Elon Musk’s cryptic X post on SpaceX lunar plans. Explore the token’s rise, market impacts, and trader moves in this crypto update. Stay informed on meme coin volatility.

What Caused the DOGE-1 Price Surge?

DOGE-1, a Solana-based meme token associated with SpaceX’s DOGE-1 lunar mission, experienced a dramatic price increase of more than 300% following a post by SpaceX CEO Elon Musk on X. The token, which had been trading at its all-time low of $0.000282 prior to the event, quickly climbed to over $0.0014 as traders reacted to Musk’s “It’s time” message. This surge highlights the influence of high-profile endorsements on meme coins in the cryptocurrency market.

How Did Elon Musk’s Comment Impact DOGE-1?

The interaction began on November 3, 2025, when X user DogeDesigner referenced Musk’s 2021 statement about sending a Dogecoin to the moon, posting “No Highs, No Lows, Only DOGE.” Musk’s reply, “It’s time 😀,” ignited immediate buying pressure, driving the DOGE-1 price upward. According to data from CoinMarketCap, the token reached a peak of $0.0013 shortly after, representing a 350% gain from its low. Blockchain analytics from Lookonchain noted heightened on-chain activity, with trading volume spiking to $1 million within 24 hours, though it later declined by 30%.

Earlier on November 2, DogeDesigner speculated about future SpaceX trips to the Moon or Mars, prompting Musk to affirm that SpaceX would “lean in big on the Moon.” This exchange built anticipation around lunar projects, directly benefiting DOGE-1, which is themed around the company’s canine-inspired space venture. Experts in cryptocurrency trading, such as those cited by on-chain trackers, emphasize that Musk’s social media activity often correlates with short-term price volatility in related assets, as seen in past Dogecoin rallies. Solscan data confirms the token’s liquidity improved temporarily, attracting speculative investments.

Despite the excitement, the rally faced resistance as the broader market corrected. DOGE-1’s current price stands at $0.0012, reflecting a 10.18% increase over 24 hours and an 11.5% rise from the previous session. Market analysts from platforms like CoinMarketCap report that while the token’s market cap expanded significantly during the surge, it remains a high-risk asset due to its meme coin nature and dependence on external hype.

Frequently Asked Questions

What is DOGE-1 and its connection to SpaceX?

DOGE-1 is a Solana-based meme token inspired by SpaceX’s planned lunar mission of the same name, which aims to send a Dogecoin-funded payload to the Moon. Launched to capitalize on the intersection of cryptocurrency and space exploration, it gained traction after Elon Musk’s recent X post. The token operates on the Solana blockchain for faster transactions and lower fees, with its value largely driven by community sentiment and news related to SpaceX initiatives.

Will Elon Musk’s posts continue to affect DOGE-1 prices?

Elon Musk’s social media comments have historically influenced meme coins like DOGE-1 and Dogecoin by sparking trader enthusiasm and rapid buying. While no guarantees exist, past patterns show short-term surges followed by corrections, as seen with DOGE-1’s 300% jump cooling to a 10% daily gain. Investors should monitor SpaceX announcements for sustained impact.

Key Takeaways

• DOGE-1’s Rapid Rise: The token increased over 300% in response to Musk’s post, moving from $0.000282 to $0.0013, underscoring the power of social media in crypto markets.
• Trader Activity Boost: Purchases like Mitch’s 16.27 million tokens for 100 SOL highlight how influential investors amplify meme coin momentum, turning a $14,800 outlay into $19,665.
• Market Context: Amid Dogecoin’s 37% monthly decline and broader crypto dips, DOGE-1’s surge offers a reminder to diversify and avoid hype-driven decisions without due diligence.

Conclusion

The DOGE-1 price surge exemplifies how Elon Musk’s influence continues to shape the meme coin landscape, particularly for tokens like DOGE-1 tied to innovative projects such as SpaceX’s lunar mission. With the token holding gains at $0.0012 despite market pressures on Dogecoin and other assets, traders remain vigilant for further developments in space-themed cryptocurrencies. As the sector evolves, staying updated on authoritative sources like CoinMarketCap and on-chain tools will be essential for navigating volatility—consider monitoring key announcements for potential opportunities ahead.

DOGE-1 jumped from $0.000282 to $0.0013 after Musk’s comment, and now stands at $0.0012, still up 10.18%.

DOGE-1, a Solana-based meme token linked to SpaceX’s upcoming lunar mission, skyrocketed more than 300% after SpaceX CEO Elon Musk posted “It’s time” on X, prompting traders to jump into the token.

The conversation began on November 3 when user DogeDesigner referenced Musk’s 2021 promise that SpaceX would “put a literal Dogecoin on the literal moon,” posting: “No Highs, No Lows, Only DOGE.” Musk’s reply sparked immediate market attention and buying momentum for DOGE-1.

Earlier, on November 2, DogeDesigner had speculated that people might one day book trips to the Moon or Mars with SpaceX, to which Musk responded that SpaceX would “lean in big on the Moon,” signaling continued focus on lunar exploration.

Before this interaction, DOGE-1 was trading around $0.000282, its all-time low. Following Musk’s comments, the price jumped past $0.0014, rising nearly 350%. Currently, according to CoinMarketCap, DOGE-1 is currently priced at $0.0012, up 11.5% in the last 24 hours, with a 24-hour trading volume of $1 million, down 30% from the previous day.

Dogecoin faces selling pressure

While DOGE-1 surged, its predecessor Dogecoin continued to face heavy selling. Wallets holding between 10 million and 100 million DOGE offloaded nearly a billion coins over the past week.

Dogecoin’s market cap dropped from $55.7 billion at the end of October to around $24.4 billion in a week, losing roughly $30 billion. The price fell below $0.18, hitting a low of $0.1527, and is down slightly 1.45% in the last 24 hours. Over the past month, it’s down nearly 37%, suggesting the rebound may be temporary.

The broader crypto market fell, too. Ethereum was down 5.5% and Solana around 3%, while smaller memecoins like TRUMP fell slightly. Bitcoin’s dominance jumped to nearly 60% as investors consolidated into the largest cryptocurrency.

Traders jump on DOGE-1 momentum

The DOGE-1 price surge drew the attention of prominent traders, including one known by the pseudonyms “god.sol” or “Mitch.” According to blockchain tracker Lookonchain, Mitch snapped up 16.27 million DOGE-1 tokens during the rally, betting on the token’s sudden momentum.

According to Solscan, an on-chain data analytics tool for Solana, Mitch spent about 100 SOL, worth around $14,800 to secure his position. The investment has already appreciated, with his holdings now worth about $19,665.

Mitch previously made $2.8 million from short-term memecoin trades, showing how few traders could also affect such volatile crypto rallies.

Also Read: Aster Price Jumps 30% as CZ Confirms $2M Token Purchase