Dogecoin’s 9,616% Surge: Is Elon Musk Sending It to the Moon? 🚀

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Ah, the eternal dance of the market, where Dogecoin, that most whimsical of cryptocurrencies, has once again proven that even the most absurd investments can achieve… well, let’s say, a certain level of absurdity. 🐕💸

According to CoinGlass data, Dogecoin futures volume came in at $172 million on Bitmex, a 9,616% increase in the last 24 hours. One might say the market has finally embraced the dog’s eternal optimism. 🐕💰

More often than not, a surge in volume reflects traders’ positioning, with crypto traders making directional bets on the dog coin. A spectacle as thrilling as a Victorian gentleman placing a wager on a racehorse. 🐕📉

Dogecoin’s volume surge coincides with a broader market sell-off, which saw $1.7 billion in liquidations. DOGE was liquidated for $22 million, with longs accounting for the majority at $16.92 million. A tragedy as inevitable as a well-timed punchline. 🐕💥

At press time, Dogecoin was trading up 2.02% at $0.165, following a three-day drop that culminated in a low of $0.151 on Tuesday. Social interest has also shifted to Dogecoin as discussions about Elon Musk sending a literal Dogecoin to the moon ignite. 🚀🐶

Is it time?

Elon Musk replied “It’s time” to a Dogecoin post by Dogedesigner on Nov. 3, 2025, prompting speculation about SpaceX fulfilling a 2021 promise to send a literal Dogecoin to the moon. A promise as grand as a Shakespearean soliloquy. 🌙🐶

Dogedesigner tweeted: “No Highs, no Lows, only DOGE,” alongside a screenshot of Elon Musk’s tweet in 2021 about SpaceX putting a literal Dogecoin on the moon. To this, Elon Musk responded with “It’s time” and a smiley emoji. A moment as profound as a silent film. 😊🐶

This generated reactions across the Dogecoin community, with posts still being made at press time. The Dogecoin price however, posted a muted price reaction. A performance as restrained as a prim aunt at a ball. 🐕🎭

Going forward, eyes will be on Dogecoin, confirming a bullish double bottom at the $0.15 low, which might cause its price to target $0.21 and $0.24 once again. A hope as fragile as a glass slipper. 💸✨

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2025-11-05 20:04