Elon Musk has confirmed that X’s long-promised funds layer, X Cash, is already working inside the corporate — however Dogecoin, his on-again-off-again favourite meme coin, has barely twitched.
Replying to developer and X feature-watcher Nima Owji on December 10, Musk dropped a characteristically terse replace: “It has been launched internally.” Inside hours, promoter Mario Nawfal was broadcasting that “X MONEY IS LIVE BEHIND CLOSED DOORS, PUBLIC LAUNCH NEXT,” describing the system as “quietly examined by workers and early customers whereas the remainder of the world waits for entry.”
It has been launched internally
— Elon Musk (@elonmusk) December 10, 2025
The market, nonetheless, didn’t precisely wait breathlessly. As of press time, Dogecoin traded round $0.137, down lower than 0.1% on the day — primarily noise, given an intraday vary between roughly $0.137 and $0.150. For a coin that after ripped 20–30% on a single Elon meme, that is… subdued.
Why Is The Dogecoin Worth Not Reacting?
The distinction with earlier X Cash headlines is stark. When Musk first framed the funds stack as a part of a broader relaunch of XChat in mid-November, he boasted that X had “simply rolled out a whole new communications stack with encrypted messages, audio/video calls and file switch,” including pointedly: “Cash comes out quickly… X would be the all the things app.”
Dogecoin and different high-beta names squeezed greater on that story, if solely briefly. Again in Might, when Musk confirmed {that a} beta model of X Cash was coming, DOGE jumped from about $0.08 to $0.09 on the announcement — a double-digit proportion transfer triggered by yet another trace that the canine may be wired into X’s rails.
Right this moment’s non-reaction lands towards a deeper build-out of X Cash within the background. In line with a current job posting, X Cash is hiring a technical result in design a funds platform “from the bottom up” for greater than 600 million month-to-month customers, with an emphasis on distributed techniques and safe transactions.
The outline notably doesn’t point out crypto or Dogecoin in any respect. Notably, X Cash already introduced a partnership with Visa earlier this 12 months for an “X Cash Account” that will fund wallets and peer-to-peer funds, whereas Solana figures — together with ecosystem advisor Nikita Bier, now at X — have publicly signaled they’re keen to assist.
Crucially, Musk has not precisely gone quiet on Dogecoin typically. On November 3 he posted “It’s time” on X, reviving his outdated promise to “put a literal Dogecoin on the literal moon” by way of a SpaceX mission, as reported by Bitcoinist.
In mid-October he waded into the “vitality cash” debate, backing Bitcoin as inconceivable to “pretend” as a result of it’s grounded in vitality after which replying with an approving emoji when a Dogecoin neighborhood account insisted that “Dogecoin can be primarily based on vitality” — his “first express nod towards DOGE shortly,” as reported on NewsBTC.
Much more just lately, on October 11 and once more on November 15, Musk posted Doge-coded content material — a Shiba Inu mascot picture, then a meme of a Shiba taking part in a banjo — that traditionally would have lit up DOGE order books. Nevertheless, this time, Dogecoin’s response was muted to outright destructive.
In different phrases, the previous few occasions Musk has talked about or referenced Dogecoin on X, the market response has been steadily decaying. So when he now says X Cash “has been launched internally,” the absence of a pump in DOGE appears much less like a thriller and extra like a development.
At press time, DOGE traded at $0.13765.
Featured picture created with DALL.E, chart from TradingView.com
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