Elon Musk has as soon as once more brought on waves within the cryptocurrency market. “The time has come,” the CEOs of Tesla and SpaceX tweeted. He’s making an attempt to rekindle his long-standing relationship with Dogecoin. Inside hours, a brand new meme coin known as DOGE-1 soared practically 300%. It’s being fueled by pleasure amongst merchants and renewed optimism throughout the meme token scene.
Elon Musk (@elonmusk) as soon as once more says “the time has come” to ship Dogecoin to the moon.
Since then, memecoin DOGE-1 has elevated by ~300%.
Sensible dealer “god.sol aka Mitch” who beforehand made a revenue of $2.8 million buying and selling Meme Coin spent solely $100 SOL ($14,800) to purchase 16.27 million DOGE-1… pic.twitter.com/tIGDuVCT6K
— Lookonchain (@lookonchain) November 5, 2025
DOGE-1 shares its identify with SpaceX’s long-delayed moon mission. There was an enormous inflow of buying and selling exercise following Musk’s submit. The token’s rally highlights how even a short point out of Mr. Musk can reshape sentiment and transfer markets. This can be a acquainted sample for individuals who have been watching Dogecoin for a few years.
Meme coin craze begins once more on account of Mr. Musk
Each time Elon Musk mentions Dogecoin or one thing unrelated to it. Cryptocurrency markets are inclined to react shortly. This time was no exception. Merchants rushed to purchase DOGE-1 after Musk’s “It is time” tweet. This brought on the worth to extend by triple digits inside hours. The surge was harking back to Musk’s early market-moving posts that despatched Dogecoin hovering in previous cycles. Regardless of indirectly referencing the unique Dogecoin token. His message was sufficient to spark speculative momentum throughout meme-related property.
DOGE-1’s identify is intriguing, reflecting SpaceX’s plan, DOGE-January Mission, which was first introduced in 2021. The mission was absolutely funded with Dogecoin and aimed to launch a CubeSat loaded with digital artwork and exhibit the sensible use of cryptocurrency funds. The mission was postponed many occasions. Nevertheless it’s nonetheless a part of Dogecoin lore, and now clearly a part of memecoin tradition as properly.
Sensible dealer “Mitch” joins the hype
Including to the frenzy was an enormous transfer by a well-known on-chain dealer named god.sol, also called Mitch. Based on Solscan information, shortly after Musk’s submit, Mitch spent 100 SOL (roughly $14,800) to buy 16.27 million DOGE-1 tokens.
Mitch is greater than only a dealer. He has a powerful monitor document within the meme coin scene. He reportedly earned over $2.8 million in realized income and boasts a token win price of 71%. Musk’s fast response to his tweet exhibits sturdy confidence in near-term market momentum. The crypto neighborhood monitoring his pockets did not miss it.
Widespread patterns within the digital forex market
This sudden rise is one more reminder of how unpredictable meme cash may be. A mix of movie star affect, on-chain transparency, and fast-moving merchants. Individuals who incessantly make unstable however explosive actions.
Whereas the basics of DOGE-1 stay unclear, this pleasure highlights one fact. Elon Musk’s social media posts nonetheless have unparalleled energy in shaping cryptocurrency sentiment. For merchants like Mitch, timing is every part. This time, Musk’s phrases, “It is time,” have been all it took to start out a brand new meme coin wildfire.
