Elon Musk mentions Dogecoin again – will DOGE rally?

Elon Musk in the present day waded again into the cash and vitality debate on X and endorsed Bitcoin and Dogecoin.

Tesla’s CEO responded to a viral ZeroHedge thread that portrayed synthetic intelligence as a government-funded arms race that may enhance financial discount. “That is true. That is why Bitcoin relies on vitality: you’ll be able to problem faux fiat cash, and each authorities in historical past has completed so, however it’s inconceivable to faux vitality,” Musk wrote, aligning BTC’s worth proposition with bodily energy constraints.

A couple of minutes later, when group account Sir Doge of the Coin (@dogeofficialceo) added: “Dogecoin can also be based mostly on vitality,” Musk responded with a easy “💯,” his first specific nod to DOGE shortly, reigniting a long-running value sensitivity query surrounding his posts.

Dogecoin can also be based mostly on vitality pic.twitter.com/E8BMmAIdm9

— Sir Doge van de Munt ⚔️ (@dogeofficialceo) October 14, 2025

Nevertheless, the market response was muted. On the time of writing, Dogecoin was buying and selling close to $0.196, decrease on the day alongside the broader crypto threat, with Bitcoin and Ethereum additionally within the crimson. Bitcoin fell practically $111,000 in the course of the session, whereas Ethereum fell beneath $4,000, underscoring a risk-off tape that’s prone to blunt any momentum from the “Musk impact.”

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Musk’s DOGE feedback come amid a separate swirl of Dogecoin-related headlines which have captured the eye of Washington and Wall Road over the previous 48 hours. Rep. Matt Gaetz amplified a viral thread, asking, “Is DOGE about to develop into the world’s largest utility token? After being a meme?!” – a rhetorical riff that referred to information circulating a few deliberate pivot into the general public markets by Home of Doge because the “company arm” of the Dogecoin Basis.

Is DOGE about to develop into the biggest utility token on the planet?

After you’ve got been a meme?! https://t.co/wVXO7eijss

— Matt Gaetz (@mattgaetz) October 13, 2025

Home of Doge plans to checklist on Nasdaq via a merger with Brag Home Holdings beneath the ticker TBH, and they’re additionally linking Home of Doge to a rising Dogecoin treasury effort at CleanCore Options, not too long ago branded on the NYSE American as ZONE. The October 13 releases additional declare that CleanCore now controls greater than 730 million DOGE, concentrating on as much as 1 billion DOGE within the quick time period and, in the long term, “as much as 5%” of circulating provide.

Why hasn’t the Dogecoin value responded positively?

Traditionally, Musk’s DOGE interactions have led to sharp, if usually risky, value reactions. For instance, in late 2024, a single “true” reply in a cost context thread coincided with a pop as retailers extrapolated the connections to X funds, and the October 2024 launch of a devoted account for its funds initiative on X.

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Extra not too long ago, in June 2025, DOGE rose 3% after Musk defused a political feud. The frequent denominator: reflexive liquidity and headline-driven order movement that fades away except there’s a actual affect on the meme coin. As we speak’s sequence matches that sample: a Musk joke with excessive engagement, immediate social virality, however value restricted by macro tape and the absence of a concurrent, verifiable product or coverage.

So why did not DOGE go “to the moon” on the 💯? First, the tape issues. As a result of the majors are powerful, meme beta tends to underperform. Second, the knowledge content material of the message is modest: Musk supported an energy-based framework and acknowledged a group meme – no new X Funds characteristic, no Tesla commerce integration, no tangible DOGE settlement. Markets have realized to differentiate between tone and transaction.

On the time of writing, DOGE was buying and selling at $0.19862.

Featured picture created with DALL.E, chart from TradingView.com