Dogecoin Yawns as Elon Musk Confirms X Money’s Internal Launch

Elon Musk has dropped a bombshell: X Money, the much-hyped payments layer for the X platform, is now live internally, undergoing testing with employees and early users as of December 10, 2025. Yet, in a plot twist that’s left crypto speculators scratching their heads, Dogecoin—the meme coin historically tethered to Musk’s every tweet—didn’t even wag its tail, trading flat at a measly $0.137 with no fireworks in sight.

• X Money Takes First Steps: Musk confirms internal testing has begun, edging closer to a public rollout for over 600 million users.
• Dogecoin Snoozes: No price spike for DOGE, stuck in a $0.137–$0.150 range with under 0.1% daily movement.
• Musk’s Magic Fading? Unlike past 20–30% surges, the market seems numb to his influence on the meme coin.

X Money’s Quiet Debut: Fintech First, Crypto Later?

Musk broke the news with a curt reply to X feature-watcher Nima Owji, stating simply:

“It has been launched internally.”

Promoter Mario Nawfal couldn’t contain his excitement, blasting out on social media:

“X MONEY IS LIVE BEHIND CLOSED DOORS, PUBLIC LAUNCH NEXT.”

Just weeks earlier, in mid-November, Musk himself framed this as part of a grander vision, declaring:

“Money comes out soon… X will be the everything app.”

The ambition is clear—turn X into a super app like WeChat, a Chinese platform that blends messaging, social media, and payments into a single, seamless experience.

For those new to the game, X Money is the financial backbone X is building to enable peer-to-peer transactions and wallet funding for its massive user base of over 600 million monthly active users. A recent job posting for a technical lead highlights a focus on distributed systems (think tech spread across multiple computers for speed and security) and secure transactions, but there’s a glaring omission: no mention of cryptocurrency, blockchain, or Dogecoin. Zero. Zilch. Instead, X Money’s updates point to traditional fintech roots, underscored by a partnership with Visa for an “X Money Account” to streamline payments. Even with crypto-adjacent figures like Nikita Bier, a Solana ecosystem advisor now at X, publicly eager to contribute, the development roadmap remains stubbornly silent on decentralized tech.

This fintech-first approach raises eyebrows for those of us rooting for disruption through decentralization. X Money could be a trojan horse for onboarding millions to crypto if blockchain integration comes later. But right now? It’s shaping up as just another polished payment app, lacking the rebellious spirit of Bitcoin or the chaotic charm of meme coins. Without a nod to crypto, X risks mirroring failed experiments like Facebook’s Diem, which promised financial revolution but crumbled under regulatory weight and a lack of true decentralized ethos.

Dogecoin’s Cold Shoulder: Has Musk Lost His Midas Touch?

Let’s talk Dogecoin. This shiba inu-branded coin, birthed as a 2013 internet joke, has long been Elon Musk’s pet project in the crypto space. His tweets, memes, and offhand remarks have historically sent DOGE prices soaring—think 20–30% overnight pumps. As recently as May, a tease about an X Money beta version nudged Dogecoin from $0.08 to $0.09 in hours, a tidy double-digit jump. Musk’s antics have kept the meme coin relevant, whether he’s sharing Doge-coded memes on October 11 and November 15, tossing an approving emoji in an “energy money” debate in mid-October, or hyping a literal Dogecoin payload on a SpaceX mission with a cryptic

“It’s time,”

on November 3. Yet, despite this latest X Money bombshell, DOGE didn’t budge, loafing at $0.137 with a daily change of less than 0.1%.

What gives? One explanation is market desensitization. Imagine a street performer pulling the same trick daily—eventually, the crowd stops clapping. After years of Musk-driven hype cycles, investors seem tuned out, treating his Dogecoin nods as background noise rather than a call to action. Data backs this up: recent months show a consistent drop in DOGE’s trading volume spikes following Musk’s posts, per CoinMarketCap trends. Another factor is the lack of a direct crypto hook in X Money’s rollout. Without Musk or X hinting at Dogecoin as a native currency for the platform, speculators have no bone to chew on.

But let’s not pin this solely on Musk fatigue. Broader market dynamics could be at play. Bitcoin’s dominance has been climbing in late 2025, often siphoning liquidity from altcoins and meme tokens like Dogecoin during uncertain times. Plus, the crypto space as a whole might be grappling with bearish sentiment or regulatory overhang, dulling the impact of celebrity endorsements. Are DOGE holders just biding their time, waiting for a meatier announcement like official integration into X Money before piling in? Or is this the end of an era where a single tweet could ignite a speculative frenzy?

The Meme Coin Circus: Culture vs. Utility

Dogecoin’s story isn’t just about price charts—it’s a cultural phenomenon. Unlike Bitcoin, which we champion as a store of value and hedge against centralized financial tyranny, or Ethereum, with its sprawling developer ecosystem for decentralized apps, DOGE thrives on community and memes. Its fanbase has funded quirky initiatives, from sponsoring NASCAR drivers to supporting clean water projects, keeping the coin alive despite its near-zero utility. It’s the internet’s favorite underdog, but let’s be real: don’t expect it to fetch serious blockchain innovation anytime soon.

This lack of fundamentals makes Dogecoin’s reliance on hype—especially Musk’s—both its superpower and its kryptonite. It’s a proof-of-work coin (where computers solve complex puzzles to validate transactions, like Bitcoin), but without a clear use case beyond “lol, internet money,” its value often feels like a house of cards. When Musk’s influence wanes, as it seems to now, the cracks show. Compare that to X Money’s sober focus on scalable payments, and you’ve got two worlds colliding: one driven by memes, the other by infrastructure. Frankly, the meme coin circus often stinks of pump-and-dump schemes, and while Musk isn’t directly scamming anyone, his role in fueling speculative bubbles deserves a hard side-eye. If you’re chasing DOGE pumps based on tweets, tread carefully—hype doesn’t pay the bills when the crash hits.

X Money and the Bigger Picture: Disruption or Distraction?

Zooming out, X Money’s internal launch carries weight beyond Dogecoin drama. Musk’s vision of an “everything app” aligns with our ethos of breaking down centralized financial walled gardens. Peer-to-peer payments for 600 million users could pave the way for broader adoption of decentralized tech, even if crypto isn’t in the mix yet. Imagine a future where X Money integrates blockchain—suddenly, millions of normies are exposed to DeFi (decentralized finance, where financial services run on code, not banks) without realizing it. That’s the kind of effective accelerationism we’re here for: pushing freedom and privacy through tech, fast and unapologetically.

But there’s a flip side. If X Money sticks to traditional fintech rails with Visa as its backbone, it’s just another app in a crowded field—not a revolution. Without decentralized principles, it risks reinforcing the very systems we aim to disrupt. And let’s not forget Musk’s wildcard nature. His silence on crypto in this context feels deliberate. If he wanted to pump Dogecoin with X Money’s debut, he could’ve tossed out a meme or a cryptic hint. That he didn’t suggests either a strategic pivot away from crypto hype or a bigger reveal down the line. Either way, we’re watching.

Key Questions and Takeaways on X Money and Dogecoin

• What’s the latest update on X Money’s development?
  It’s live for internal testing as of December 10, 2025, with employees and early users trying it out, and a public launch expected as the next milestone.
• Why isn’t Dogecoin’s price moving despite Musk’s announcement?
  The market seems desensitized to Musk’s influence after repeated hype cycles, and X Money’s updates lack any explicit connection to cryptocurrency or DOGE.
• Does Musk still hold sway over crypto markets like Dogecoin?
  His impact appears to be waning, as recent posts and mentions fail to spark the massive price surges seen in prior years, pointing to a more skeptical or mature investor base.
• Could Dogecoin or blockchain tech play a role in X Money’s future?
  It’s possible if Musk pushes for integration, but current signals—focused on fintech and partnerships like Visa—suggest crypto isn’t a priority right now.
• How does X Money fit into the push for decentralization?
  Even without crypto, disrupting centralized payment systems with peer-to-peer options is a step toward financial freedom, though true decentralization would require blockchain or similar tech down the line.
• Should crypto enthusiasts care about X Money if it’s not decentralized?
  Yes—its scale and potential to shift financial norms make it a player to watch, as future updates could still bridge millions to decentralized finance.

Dogecoin’s shrug at X Money’s internal rollout isn’t just a blip—it’s a mirror held up to a crypto market that’s either growing wiser or growing weary. Musk remains the ultimate wildcard, capable of reigniting DOGE mania with a single well-timed post, but for now, the shiba inu stays asleep. As X Money inches toward public release, the real test looms: will it be a catalyst for decentralized finance, or just another shiny fintech toy? We’re keeping our eyes peeled, because if Musk drops that next meme, the crypto world might just wake up barking.