Dogecoin ( DOGE ) surged more than 10% after Elon Musk announced that early public access to X Money will launch in April 2026, sparking renewed speculation about the memecoin’s potential role in the platform’s payment ecosystem. Following the announcement, DOGE experienced a sharp spike in trading activity and price momentum. The memecoin’s 24-hour trading volume jumped more than 108% to $2.2 billion, while its market capitalization briefly climbed to $15.3 billion, according to data from CoinMarketCap. However, the rally proved short-lived. By Wednesday, March 11, Dogecoin had retraced part of its gains and was trading around $0.09195, with its market capitalization settling near $14.1 billion at press time. Dogecoin performance. Source: CoinMarketCap The surge in DOGE demand followed Musk’s confirmation that X Money will enter early public access next month, marking a major step in his plan to transform X into a fully integrated financial platform. Although Musk did not explicitly mention Dogecoin in the announcement, traders quickly linked the development to the memecoin due to his long-standing support for the cryptocurrency. 𝕏 Money early public access will launch next month — Elon Musk (@elonmusk) March 10, 2026 Why is Dogecoin price bullish on X Money launch? Over the years, Musk has repeatedly endorsed Dogecoin and previously hinted at the possibility of using it for payments across his business ecosystem, including Tesla and SpaceX. Yes — Elon Musk (@elonmusk) February 3, 2026 Musk has also stated that the main goal of purchasing X for over $40 billion was to turn it into an everything app similar to WeChat in China. Already, X has obtained money transmitter licenses from more than 40 states in the U.S. to seamlessly launch X Money. With the platform boasting more than 586 million Monthly Active Users (MAU), as of February based on a report from Resourcera , the potential integration of X Money with Dogecoin could have an intense impact on the memecoin’s global adoption. X monthly active users globally. Source: Resourcera DOGE price prediction 2026 Dogecoin’s exponential demand catalyzed by potential integration with X Money could fuel the memecoin’s next bull wave. DOGE/USDT 3D chart. Source: TradingView Finally, DOGE price has been forming a similar fractal pattern to its 2024 bottom consolidation before its massive surge, according to trading expert TATrader_Alan . However, crypto traders should remain vigilant of a potential sell-the-news impact on DOGE next month. The post Dogecoin price spikes 10% after Elon Musk announces X Money appeared first on Finbold .
