Elon Musk triggers 300% DOGE-1 rally after surprise endorsement

SpaceX CEO Elon Musk started a DOGE-1 market rally on Monday after posting on his social media platform X, “it’s time,” and traders immediately started taking up positions in the memecoin. DOGE-1 Satellite had been moving in tandem with the rest of the crypto market, which has been trading in the red since the start of this business ￰0￱ token slipped with the broader market to an all-time low of $0.000282, but Elon Musk’s X update flipped the coin to an upward momentum that took it over 300% above the November 3 ￰1￱ Musk( @elonmusk ) once again said "It's time" to send Dogecoin to the ￰2￱ memecoin DOGE-1 has since surged ~300%. Smart trader "god.

sol aka Mitch", who previously profited $2.8M trading memecoins, just spent 100 $SOL ($14.8K) to buy 16.27M DOGE-1.… ￰3￱ — Lookonchain (@lookonchain) November 5, 2025 The brief message was a direct reply to Dogecoin community member DogeDesigner, who had quoted Musk’s old 2021 declaration that SpaceX would “put a literal Dogecoin on the literal moon,” with a post of his own saying: “No Highs, No Lows, Only DOGE.” DOGE-1’s all-time low slump period halted by Musk rally Before the SpaceX head gave the market a reason to add coins, DOGE-1 had been languishing near an all-time low, before climbing past $0.0011 after an unforeseen price ￰4￱ upward momentum defied the negative trend in the broader crypto market, and its market cap ticked upwards by 367.34% to reach $9.174 million within 24 hours of Musk’s ￰5￱ token’s valuation has since retraced slightly to around $7.2 million, but it is still 266% above its initial value at the start of Monday’s market turmoil.

DOGE-1 Satellite (DOGE-1) is a Solana-based meme token for the upcoming SpaceX DOGE-1 lunar satellite ￰6￱ mission, announced in 2021, will send a small satellite into lunar orbit to broadcast digital content like advertisements, images, and logos on a display screen attached to the ￰7￱ to the project’s detailing, cameras on board will capture and stream the broadcasts back to Earth via YouTube and ￰8￱ reaction to the DOGE-1 market surge, blockchain data tracker Lookonchain reported that a well-known trader identified as “god. sol” or “Mitch,” purchased 16.27 million DOGE-1 tokens. On-chain data from Solscan revealed Mitch spent 100 SOL, worth roughly $14,800, to acquire the position, and now holds about $18,500 worth of ￰9￱ trader’s wallet has previously recorded realized profits of about $2.8 million from other memecoin trades through short holding periods and quick sales during market ￰10￱ "god.

sol aka Mitch himself lol ￰11￱ — Mason (revenge arc) (@Masongainz) November 5, 2025 Mitch downplayed the “smart trader” label issued to him by the community in a Telegram group screenshot shared on X by another trader known as Mason earlier today. “Why would they call me a smart trader? Just cause I made millions? I’m retarded, fr fr,” he wrote, quoting Lookonchain’s post and confirming he made the trades late ￰12￱ price slightly rises, but struggles ensue after whale sell-offs DOGE-1 may have surged due to the world’s wealthiest man’s influence, but its inspiration, the original Dogecoin, has been facing heavy selling pressure over the past ￰13￱ to Santiment feed data, wallets holding between 10 million and 100 million DOGE sold around one billion coins in recent ￰14￱ analyst Ali Martinez noted that these large outflows have continued since mid-October, contributing to a steady decline in Dogecoin’s market value.

Dogecoin’s market capitalization fell from $55.7 billion on October 28 to around $24.4 billion on Wednesday, a $30 billion erosion in seven ￰15￱ token dropped below $0.18 and hit a low of $0.1648 in today’s early morning trading sessions, although it is up 0.8% over the past 24 ￰16￱ is still down nearly 35% over the past 30 days, which could mean the latest rally may be more of a tactical rebound than the start of a sustained ￰17￱ DOGE-1 surge also coincided with a rotation into memecoins, where tokens like TRUMP fell 0.6%. Major cryptocurrencies Ethereum dropped 8.2%, and Solana fell 4.9% during the same period. Bitcoin’s dominance rose to a seven-day high of 59.95%, a sign that investors were consolidating into the king coin by market cap and waiting on volatility from smaller-cap ￰18￱ your strategy with mentorship + daily ideas - 30 days free access to our trading program