Elon Musk reignited attention around Dogecoin (DOGE) after posting “It’s time” on X on November 3, referencing his long-standing interest in the meme-based cryptocurrency. The post quickly gained traction among the crypto community, recalling Musk’s earlier remarks about sending DOGE to space through the DOGE-1 mission.
The comment comes as DOGE trades near a key support zone, and follows sustained interest from retail holders who view Dogecoin as a gateway to crypto adoption. Musk has previously referred to DOGE as “the people’s crypto,” and Tesla continues to accept the token for select merchandise. Market analysts note that Musk’s mentions often correlate with short-term volume spikes, with DOGE historically reacting faster than major altcoins during social-driven market moves.
The DOGE-1 lunar mission — funded in Dogecoin and expected to launch aboard a SpaceX Falcon 9 — remains scheduled for late 2025. Investors will be watching for further updates from SpaceX or Musk that could reinforce momentum around DOGE.
Source: https://x.com/elonmusk/status/1985373548840636724
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