Musk revives Dogecoin pledge; DOGE-1 token spikes 300%

Elon Musk once again responded to his own 2021 line about “putting a literal Dogecoin on the literal moon,” writing “It’s time” on X on November 3, 2025, and triggering a fast, speculative rally not in Dogecoin itself but in a small Solana token branded as DOGE-1, which briefly climbed about 300% before paring gains.

Musk’s message was only two words, but it sat under a Dogecoin-themed post and mirrored the phrasing he used in April–May 2021, when he said SpaceX would accept DOGE and send a DOGE payload to the Moon, so traders immediately linked the reply to the still-pending DOGE-1 lunar mission that industry trackers have pushed back to late 2025. The result was a new round of “Musk said it again” trading, even though the post did not contain a launch date, a SpaceX manifest update or an explicit mention of any token beyond the original Dogecoin.

The interesting part this time was market routing. The large, liquid DOGE barely reacted, moving in line with a soft broader market. The fast money instead flowed into DOGE-1, a much smaller meme asset that trades on Solana rails and positions itself as the community’s lunar play. Because its liquidity is thinner and its holders are more speculative, DOGE-1 was able to reprice almost instantly on the back of a single social signal, something Dogecoin itself no longer does every time Musk posts. That divergence - Musk mention but alt-meme pump - was noted by on-chain trackers who said DOGE-1 was up roughly threefold before it slipped 15–20% from the high later in the session.

On-chain data then added a second layer to the story. A wallet described in past meme cycles as belonging to “god.sol aka Mitch,” and credited in public feeds with about $2.8 million in cumulative memecoin profits, stepped in after Musk’s post and bought 16.27 million DOGE-1 for 100 SOL, around $14,800, according to Solana explorer records referenced in the original tweet thread. Because we know the end-of-session print - $0.73 after a 17.4% drop - we can back into the high: $0.73 represents 82.6% of the top (100% − 17.4%), so the top was roughly $0.73 ÷ 0.826 ≈ $0.88. 

This address already has a reputation for spotting early social-driven rotations, its appearance was read as confirmation that at least one experienced trader was treating Musk’s two words as a valid short-term catalyst. In other words, the rally was not just retail chasing the Elon headline; it was also a known wallet validating the trade on-chain.