#DOGE Brief

Dogecoin remains flat as the market ignores the announcement of X Money by Musk, while interest in ETFs continues to decline. Here are the main news:

Internal launch of X Money (December 12, 2025) – Musk confirmed that the X Money payment system is operating within the company, but DOGE price hardly reacted.
Collapse of meme coin dominance (December 12, 2025) – liquidity in the meme coin sector sharply dropped, pulling DOGE down to mid-2023 levels.
Problems with Dogecoin ETF (December 11, 2025) – trading volumes of DOGE ETFs hit record lows, indicating weak institutional investor interest.

Details

1. Internal launch of X Money (December 12, 2025)

Overview:
Elon Musk confirmed that the X Money payment platform is already functioning within the company, with a public launch expected soon. Previously, news about the beta version of X Money caused DOGE to rise 12.5% in May 2025, but after the latest announcement, the price only fell by 0.1%, fluctuating in the $0.137–$0.15 range. This shows that the market has become less sensitive to hype around Musk.

What this means:
Neutral for DOGE. Although the launch of X Money could increase the coin’s utility, the lack of explicit cryptocurrency integration into job requirements (focusing on fiat payments) and the decline of the “Musk premium” suggest that DOGE is increasingly less dependent on speculative factors. (Bitcoinist)

2. Collapse of meme coin dominance (December 12, 2025)

Overview:
The share of meme coins in the market fell to 0.04, matching the end-2022 level due to declining retail interest. Dogecoin, Shiba Inu, and others lost about 60% from their 2024 highs, with no signs of investors shifting to new meme themes.

What this means:
Negative for DOGE. The simultaneous decline of all meme coins indicates a structural outflow of liquidity rather than temporary market cooling. Until retail interest recovers, DOGE remains a risky asset with high volatility in a cautious market. (AMBCrypto)

3. Problems with Dogecoin ETF (December 11, 2025)

Overview:
The DOGE ETF from Grayscale on December 10 showed a daily trading volume of only $125 thousand, and total ETF assets amounted to $6 million compared to $77 million for the Chainlink ETF. Bitwise’s DOGE fund, launched in November, lost $972 thousand due to outflows.

What this means:
Negative for DOGE. Weak demand reflects institutional skepticism towards meme assets, despite DOGE’s advantage as the first ETF in this category. Low volumes could lead to a “zombie ETF” scenario, reducing long-term growth prospects. (Bitcoinist)

Conclusion

Dogecoin faces a triple challenge: weakening influence from Musk, sector decline of meme coins, and indifference towards ETFs. Technically, a breakout to $0.18–$0.20 is possible if buying interest resumes, but the lack of new drivers leaves DOGE vulnerable to further declines. Can Dogecoin break out from its meme-coin status or remain a relic of the speculative past of cryptocurrencies?