Attention dogecoin (DOGE) bulls: Musk tweet reignites speculation

Elon Musk revived Dogecoin’s (DOGE) “go to the moon” storyline on Tuesday, replying “maybe next year,” echoing his previous post claiming SpaceX would put “real Dogecoin” on the moon.

However, the Musk/DOGE ship may have already sailed. Five years ago, Musk’s mention might have sent the memecoin skyrocketing, but this time DOGE isn’t backing down, continuing to trade at just under $0.11, down nearly 60% year-over-year and about 90% off its 2021 peak.

The comment came after a Tesla owner’s Silicon Valley account tagged Musk “When @elonmusk?” and included a screenshot of his January 2021 post promising a Dogecoin stunt on the moon.

Musk first answered “yes” and then said, “Maybe next year,” attracting hundreds of thousands of views and quickly reigniting speculation about whether SpaceX plans to tie future payloads or promotional stunts to meme tokens.

Musk has expressed support for Dogecoin multiple times over the years, and historically his comments have been enough to bring attention (and sometimes price) back to the coin. He said that SpaceX will accept Dogecoin as payment for some goods in 2022, echoing Tesla’s earlier move to accept Dogecoin for some goods.

SpaceX has also established ties to Dogecoin through the DOGE-1 mission, a small satellite fully funded by DOGE that is expected to fly aboard a SpaceX Falcon 9 rocket. The mission was first announced in 2021 and, while repeatedly delayed, has passed regulatory measures, making it one of the most high-profile Dogecoin-related projects associated with SpaceX.

Neither Musk nor SpaceX provided details on what “next year” might mean, and the company hasn’t announced any new Dogecoin-related initiatives.

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Still, the exchange showed that even the vague timeline hints given by Musk can bring Dogecoin back into the spotlight and reopen a narrative thread that will outlast multiple cryptocurrency cycles.

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