- Dogecoin rises over 8% after Elon Musk confirms X Money early access will start in April.
- X Money beta testing begins with select users showing P2P transfers and cashback debit card features.
- DOGE futures open interest climbs to $1.21B as trader activity rises after the X Money update.
Dogecoin rallied after Elon Musk confirmed that early public access to the X Money payments service will begin in April. The announcement sparked renewed attention in the Dogecoin community, and the token recorded a notable price increase alongside higher trading activity.
Musk Confirms Early Access Timeline for X Money
Elon Musk confirmed on March 10 that early public access to X Money will begin in April. The announcement came through a post on X, where Musk shared the expected timeline for the payment service rollout.
𝕏 Money early public access will launch next month
— Elon Musk (@elonmusk) March 10, 2026
X Money forms part of Musk’s broader plan to transform X into an “everything app.” The service is designed to support peer to peer payments and financial services within the platform. The company has already secured several money transmitter licenses across the United States to support these plans.
Early testing of the payment system has started with a limited group of users. Actor William Shatner revealed that members of the “42ers” community were among the first participants to try the service. The test phase allowed users to view some of the initial features before wider access begins.
Early Test Features Shared by Beta Participants
William Shatner shared screenshots and comments about the beta version of X Money. The images showed several payment functions that are expected to be part of the service at launch.
The beta version includes instant peer to peer transfers between users. It also shows a debit card system that offers cashback rewards on purchases. Another feature allows users to earn yield on cash balances stored in the account.
Shatner also noted that the first real transactions are still pending. He joked that he is waiting to use the service for everyday purchases. “Still waiting for the first X Money transaction for pizza, groceries, and haircuts,” he wrote on X.
Still waiting for the @XMoney firsts: there’s pizza, burgers, tacos, haircuts, groceries…
Be clever and be the first 42ers!— William Shatner (@WilliamShatner) March 10, 2026
Crypto payments were not visible in the early screenshots. Despite this, many users continue to expect digital asset support in later updates.
Dogecoin Price Rises Following Announcement
Dogecoin reacted quickly to the announcement about the X Money timeline. The token rose more than 8 percent within hours as traders responded to the news.
At the time of reporting, DOGE traded near $0.099. The token moved between a daily low of $0.0903 and a high of $0.0993. Trading volume increased by about 36 percent during the same period.
The price movement came as market participants linked Dogecoin with Musk’s long support for the token. Although there has been no confirmation of DOGE integration, the community expects that possibility in the future.
Derivatives Market Shows Rising Trader Activity
Market data also showed stronger activity in the Dogecoin derivatives market. CoinGlass data reported a rise in futures open interest during the hours after the announcement.
Total DOGE futures open interest increased more than 2% and reached about $1.21 billion. Activity on major exchanges also showed steady growth.
Open interest on Binance rose close to 2 %. The figures on OKX increased around 6%, while Bybit recorded a rise of about 11%. These numbers point to growing trader participation as the market reacts to developments around the X Money launch.
