Elon Musk said SpaceX will “maybe” put Dogecoin (CRYPTO: DOGE) on the literal moon next year, sparking an intraday rally on Tuesday, which was reversed to see DOGE and Shiba Inu (CRYPTO: SHIB) dump around 5% on the day.
The Musk Tease That Didn’t Work
The Tesla Owners Silicon Valley X account dug up Musk’s 2021 post that “SpaceX is going to put a literal Dogecoin on the literal moon” and asked “When?”
Musk responded “Maybe next year,” then confirmed “Yes” when another user said “Doge on the moon is inevitable.”
The initial reaction faded fast. DOGE briefly rallied over 4% in early Tuesday trading, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
However, the gains evaporated as broader crypto …