Elon Musk has once again stirred the Dogecoin community with a cryptic post that has reignited memories of the meme coin’s wild glory days.
On 3 November, the SpaceX and Tesla chief wrote just two words on X (formerly Twitter):
“It’s time.”
The post immediately drew parallels to his 2021 declaration that “SpaceX is going to put a literal Dogecoin on the literal moon,” a statement that once sent the meme coin’s price soaring nearly 30% in minutes.
Back in 2021, Musk’s tweets turned Dogecoin from an internet joke into a global sensation.
What began as a parody cryptocurrency launched in 2013 evolved into one of the most recognisable names in crypto, thanks largely to Musk’s ongoing fascination with it.
He’s previously called Dogecoin “the people’s crypto” and even joked about it becoming the currency of Mars.
His posts have proven market-moving time and again — at its peak, Dogecoin surged over 13,000% year-to-date, briefly reaching a market value of more than $80 billion.
Musk’s playful endorsement made him the unofficial face of the meme coin, at one point even changing his X bio to “Former CEO of Dogecoin.”
The DOGE-1 project, first announced in 2021, aims to send a CubeSat developed by Canadian firm Geometric Energy Corporation (GEC) to the moon aboard a SpaceX Falcon 9 rocket.
What makes this mission unique is its funding — it is entirely paid for in Dogecoin, marking the world’s first space mission financed by a cryptocurrency.
While the launch has faced several delays since its original 2022 target, filings with the U.S. Federal Communications Commission indicate that the mission is now scheduled for late 2025.
However, the launch has not yet appeared in SpaceX’s official manifest, suggesting that final details are still being confirmed.
Despite the excitement surrounding Musk’s latest post, Dogecoin’s price has not mirrored the explosive reactions of previous years.
At the time of writing, DOGE trades at $0.1699, down 4.7% in the past 24 hours and 14.9% over the week, according to CoinGecko.
The meme coin remains the tenth-largest cryptocurrency by market capitalisation at near $25.7 billion — still up 15% year-to-date, supported by retail investors buying near the $0.17 level.
For some in the Dogecoin community, Musk’s “It’s time” post hints at renewed progress for DOGE-1 or a symbolic push to revive the coin’s cultural momentum.
For others, it’s a familiar reminder of Musk’s unpredictable influence — one tweet, and the entire market watches for clues.
Coinlive believes Musk’s renewed attention could spark another round of enthusiasm, but whether Dogecoin can reclaim its 2021 glory remains uncertain.
The coin’s charm has always been its absurdity — a digital joke that somehow became real money.
Yet in a market now crowded with newer meme tokens and evolving narratives, Dogecoin’s survival depends less on hype and more on relevance.
Musk’s message may once again light the fuse — but whether it still burns bright is a question only the market can answer.
Dogecoin just got its biggest political endorsement yet. In a move that could redefine the meme coin’s future, Thumzup Media Corporation — a Nasdaq-listed firm with deep Trump family ties — has handed DogeHash Technologies a $2.5 loan to supercharge its mining power.
XingChiThumzup Media bought $2 million in Dogecoin and plans to acquire a mining firm with 3,500 rigs. It also raised $50 million and added Dogecoin insiders to its advisory board.
AnaisThe long-awaited Dogecoin ETF has once again been pushed back by the U.S. Securities and Exchange Commission (SEC), with its launch now tentatively slated for next Thursday instead of the original September 12 deadline.
XingChiThe first US Dogecoin ETF, DOJE, is set to launch, giving institutional investors regulated access to the meme coin through a Cayman Islands subsidiary and derivatives. The move sparks debate, with critics calling it high-fee speculation while supporters say it shows crypto communities can push tokens into mainstream financial structures.
Jason RiggsREX Shares and Osprey Funds may launch the first US-listed Dogecoin ETF as soon as next week. The fund will use a regulatory shortcut under the 40 Act, giving investors direct exposure to Dogecoin while avoiding some usual delays.
AnaisThe SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyElon Musk is continuing his transformation of X into a multifunctional super app, modeled on Chinese like WeChat.
XingChiWFP USA is now accepting over 80 cryptocurrencies for donations to support its Emergency Hunger Relief Fund, targeting $25 million to aid 58 million people facing starvation. This move aims to modernise fundraising, reduce transaction fees, and speed up donations to tackle the global hunger crisis.
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