Dogecoin (DOGE) Price: Jumps 8% After Elon Musk’s Moon Comment

TLDR

• Elon Musk posted “Maybe next year” on Feb. 3, 2026, referring to his 2021 promise to send a physical Dogecoin to the moon
• Dogecoin (DOGE) jumped 8% following Musk’s comment, showing the market still responds to his involvement with the memecoin
• The DOGE-1 mission was originally scheduled for 2022 but has faced repeated delays with no official SpaceX announcement
• Despite the rally, DOGE remains down 13.3% weekly, 28.4% monthly, and 58% since February 2025
• The price jump marks a shift from earlier trading when DOGE was down 2% before Musk’s comment sparked buying interest

Elon Musk revived talk about sending Dogecoin to the moon on Feb. 3, 2026, and the market responded with an 8% price jump. The SpaceX and Tesla CEO posted “Maybe next year” on X, referring to his 2021 promise to put a physical Dogecoin token on the moon.

The rally came after a rough period for the memecoin. Dogecoin was down roughly 2% earlier in the day before Musk’s comment sparked buying interest.

The 8% gain shows Musk’s influence on DOGE price still exists. However, the rally has not reversed broader downward trends that have hurt holders across multiple timeframes.

Dogecoin is down 13.3% over the past week. The monthly chart shows a 28.4% decline. Over the past year, DOGE has fallen 58% from its price in February 2025.

According to CoinGecko data, DOGE saw the rally following Musk’s comment. The price action shows traders still pay attention when Musk discusses the memecoin.

The original DOGE-1 mission was announced as the first space payload fully paid for in cryptocurrency. It was initially scheduled to launch in 2022 but has faced repeated delays.

Market Shows Musk Still Moves DOGE Price

Musk’s latest comment hints at a possible 2027 timeline for the moon mission. SpaceX has made no official announcement beyond Musk’s personal replies on social media.

More than $4 million in DOGE derivatives liquidations occurred on Feb. 3 after Bitcoin fell hard. However, Musk’s comment triggered enough buying pressure to push prices up 8%.

Online, Dogecoin’s community reacted with enthusiasm on X. Traders followed through with purchases that drove the price higher throughout the day.

The rally differs from market action earlier in 2026. Some observers had suggested Musk’s tweets no longer moved DOGE prices like they did in 2021.

The crypto market showed brief signs of recovery on Monday, Feb. 3, 2026. Bitcoin briefly dipped to $73,000 before reclaiming the $76,000 mark.

DOGE Rally Comes During Broader Market Correction

Meme coins have suffered during the broad crypto market downturn. Dogecoin’s 8% gain stands out against this backdrop of falling prices across the sector.

CoinGecko data shows DOGE is down 13% over the last week and 13.4% over 14 days. The token has lost more than 62% of its value since February 2025.

Musk has stated that Dogecoin is his favorite cryptocurrency. His past comments have often led to price rallies for the memecoin.

Macroeconomic worries, geopolitical tensions, and falling investor sentiment have led to liquidations across the crypto market. Bitcoin is struggling to gain momentum and other assets are following its trajectory.

The 8% rally shows DOGE holders still respond when Musk discusses the token. The gain came after the price was down 2% earlier in the trading session.

Capital flows in crypto are now driven by multiple factors including liquidity conditions, regulation, and risk appetite. Musk’s comments still play a role in DOGE price action.

The DOGE-1 mission remains delayed with no confirmed launch date from SpaceX. Musk’s “Maybe next year” comment sparked enough interest to drive the 8% price increase on Feb. 3, 2026.

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