When Musk takes action, the crypto world is about to shake again! Do you remember when he brought Dogecoin to 'Saturday Night Live' in 2021? At that time, the price of Dogecoin soared from $0.01 to $0.7, increasing nearly 70 times in just a few months. Now he has announced his return to Tesla to focus on business, and his X platform (formerly Twitter) has entered the testing phase for its payment feature, X Money, which may support Dogecoin as a core payment tool according to leaked code. However, it should be corrected that on May 28, Musk resigned from his position in the Trump administration, and this event did not drive the price of Dogecoin up as expected.

This operation seems sudden, but it actually has been foreshadowed. The X platform plans to launch X Money within 2025, aiming to integrate cryptocurrency and fiat currency payments, allowing users to directly tip creators or settle merchant income with Dogecoin. More importantly, Tesla, the X platform, and Coinbase have jointly laid out Dogecoin payment scenarios, and in the future, they may even connect automotive sales, social ecosystems, and financial tools.

However, the risks are also not to be overlooked. The price of Dogecoin is highly dependent on Musk's every move — in 2021, when he called Dogecoin a 'scam' on a talk show, the price plummeted by 38%; in April 2025, when he changed his name to 'Kekius Maximus', it triggered a surge of 11200% for the similarly named token, which he quickly retracted two days later, causing the token to nearly drop to zero. Additionally, the top 20 Dogecoin holders control over 50% of the supply, posing a high risk of market manipulation. The recent regulatory actions by the European Union banning USDT have also sounded the alarm for the cryptocurrency market.

Currently, the price of Dogecoin fluctuates around $0.2. Although there are technical upgrades and payment scenarios backing it, the cryptocurrency market is influenced by multiple factors such as policies and capital games, and even Musk himself has repeatedly reminded that 'investing has risks'. Do you think Dogecoin can take off with the momentum of Musk's return to business? Feel free to share your thoughts in the comments, and don't forget to forward this to friends interested in the crypto world! #马斯克概念