Dogecoin (DOGE) Price: Jumps 8% After Elon Musk Announces X Money April Launch

TLDR

• Dogecoin jumped over 8% after Elon Musk confirmed X Money will launch in April
• X Money is a fiat-only payments app — no crypto integration confirmed
• DOGE hit a high of $0.0993 before settling around $0.093–$0.099
• DOGE futures open interest rose over 2% to $1.21 billion in just 4 hours
• The price move reflects a recurring pattern of DOGE reacting to Musk’s X announcements

Elon Musk confirmed on March 10 that X Money, the payments feature for his social media platform X, will enter early public access in April 2026. The announcement sent Dogecoin up more than 8% within hours, even though X Money makes no mention of crypto.

X Money is designed as a fiat payments product. It will offer peer-to-peer money transfers, bank account linking, a debit card, cashback rewards, and a 6% yield on cash balances. X has partnered with Visa and holds money transmitter licenses in over 40 U.S. states through its subsidiary X Payments.

William Shatner, the Star Trek actor, was among the first group of beta testers — called “42ers” — to share details of the service. He posted screenshots showing instant P2P transfers, debit card cashback, and yield savings features. Shatner said he was still waiting to use X Money for everyday purchases like pizza and groceries.

X Money puts the platform in direct competition with PayPal, Venmo, and Cash App. The 6% yield on balances is higher than virtually every U.S. savings account and competitive with money market funds.

DOGE Price Reaction

Dogecoin climbed from a 24-hour low of $0.0903 to a high of $0.0993. Trading volume rose 36% over 24 hours, pointing to a sharp increase in trader interest.

DOGE futures open interest on CoinGlass jumped more than 2% to $1.21 billion in just four hours. On individual exchanges, open interest rose nearly 2% on Binance, 6% on OKX, and 11% on Bybit.

The price surge follows a familiar pattern. Each time Musk hints at payments features on X, DOGE tends to spike on speculation about possible crypto integration. This same dynamic played out multiple times starting in 2021.

X Money and Crypto Integration

Musk recently reposted a third-party forecast listing “crypto integration” as a future X Money feature, but the company has not officially confirmed this.

The Dogecoin community continues to anticipate a future DOGE integration, though no timeline or confirmation exists from X.

At time of writing, DOGE was trading around $0.099, making it the best-performing major cryptocurrency over both the 24-hour and seven-day periods.

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