Elon Musk has confirmed that X’s long-promised payment layer,
In response to developer and Feature X watcher Nima Owji on December 10, Musk issued a particularly terse update: “It was launched internally. » Within hours, promoter Mario Nawfal was broadcasting that “X MONEY IS LIVE BEHIND CLOSED DOORS, PUBLIC LAUNCH FOLLOWING”, describing the system as “discreetly tested by employees and early adopters while the rest of the world waits for access”.
It was launched internally
– Elon Musk (@elonmusk) December 10, 2025
The market, however, did not wait breathlessly. At press time, Dogecoin was trading around $0.137, down less than 0.1% on the day – essentially noise, given an intraday range between about $0.137 and $0.150. For a coin that once ripped 20-30% off a single Elon meme, that’s… moderate.
Why is the Dogecoin price not reacting?
The contrast with previous X Money titles is striking. When Musk first introduced the payments stack as part of a broader XChat relaunch in mid-November, he boasted that »
Dogecoin and other high beta names climbed higher in this story, if only briefly. In May, when Musk confirmed the arrival of a beta version of
Today’s non-reaction clashes with a deeper construction of X Money in the background. According to a recent job posting,
The description notably does not mention crypto or Dogecoin at all. Notably,
Importantly, Musk hasn’t exactly stayed quiet about Dogecoin in general. On November 3, he released “It’s About Time” on X, reviving his old promise to “put a literal Dogecoin on the literal moon” via a SpaceX mission, as Bitcoinist reports.
In mid-October, he waded into the “energy money” debate, supporting Bitcoin as impossible to “forgery” because it is energy-based, then responding with an emoji of approval when a Dogecoin community account insisted that “Dogecoin is also energy-based” — his “first explicit nod toward DOGE in some time,” as NewsBTC reported.
Even more recently, on October 11 and November 15, Musk posted Doge-encoded content — a Shiba Inu mascot image, then a meme of a Shiba playing a banjo — that historically would have lit up DOGE order books. However, this time the response from Dogecoin was completely negative.
In other words, the last few times Musk has spoken or referenced Dogecoin on X, the market reaction has been steadily decreasing. So when he now says that X Money “was launched internally,” the lack of pump in DOGE seems less like a mystery and more like a trend.
At press time, DOGE was trading at $0.13765.
Featured image created with DALL.E, chart from TradingView.com
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