DOGE-1 Token Surges After Elon Musk’s Lunar Mission Tweet
DOGE-1, a Solana-based meme token linked to SpaceX’s upcoming moon mission, soared over 300%. The rise followed a tweet by SpaceX CEO Elon Musk on November 3, 2025, saying, “It’s time.” This prompted traders to buy the token aggressively.
The momentum started when user DogeDesigner reminded Musk of his 2021 promise to put Dogecoin on the moon. Musk’s response sparked quick market interest and increased demand for DOGE-1.
Before Musk’s tweet, DOGE-1 traded near its all-time low of $0.000282. Afterward, it jumped past $0.0014, gaining nearly 350%. As of now, CoinMarketCap lists DOGE-1 at $0.0012. The token’s 24-hour trading volume is $1 million, down 30% from the previous day.
Dogecoin Faces Heavy Selling Pressure
While DOGE-1 surged, Dogecoin (DOGE) saw significant sell-offs. Wallets holding 10 million to 100 million DOGE coins sold nearly a billion tokens in the past week.
Dogecoin’s market cap dropped from $55.7 billion at October’s end to around $24.4 billion within a week, losing about $30 billion. Its price fell below $0.18, hitting a low of $0.1527. DOGE is down 1.45% in the last 24 hours and nearly 37% over the past month, indicating a possible temporary rebound.
The broader crypto market also declined. Ethereum dropped 5.5%, Solana about 3%, and smaller memecoins, like TRUMP, fell slightly. Bitcoin’s dominance rose to nearly 60% as investors moved towards larger assets.
Traders Capitalize on DOGE-1 Rally
The DOGE-1 surge attracted well-known traders, including one called “god.sol” or “Mitch.” Blockchain tracker Lookonchain shows Mitch bought 16.27 million DOGE-1 tokens during the price increase.
Using Solana analytics tool Solscan, Mitch spent about 100 SOL, worth roughly $14,800, to acquire his position. His holdings are now valued at about $19,665.
Mitch previously made $2.8 million from short-term memecoin trades, highlighting how smaller traders can influence volatile crypto markets.
