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Will Dogecoin be part of Elon Musk’s X App trading launch in 2025?

Posted on by Anna

In 2025, will Elon Musk incorporate Dogecoin into the trading functionality of the X App? As the platform gets closer to launch, speculation is growing.

Elon Musk, a fan of Dogecoin, plans to introduce an X App trading platform this year. Musk wants to transform X from a basic social media platform into a super-app, and CEO Lica Yaccaino has stated that the site is launching “investment or trading.” But as the debut date draws closer, investors are interested in the specifics of the features and attributes, particularly whether or not they will help DOGE.

Elon Musk’s X App trading roadmap lacks mention of Dogecoin

Further details on the debut of Elon Musk’s X App have been made public by a leaked presentation. A CoinTelegraph report claims that Musk is getting ready to introduce X Money, a digital wallet supported by Visa that will facilitate peer-to-peer transfers, quick payments, and much more. The goal is to transform X into a super app that resembles WeChat, a well-known social networking site in China.

Notably, the beta launch does not support cryptocurrency trading; however, integration with Dogecoin and other cryptocurrencies seems to be in the works. Nevertheless, the clearances are still being processed, and no formal statement has been made.

The price of Dogecoin has increased by more than 2% today and 7% this week due to this anticipation. With a market value of $25.79M and a trading volume of $879.4M, it is currently trading at $0.1719.

Dogecoin price chart

In fact, Musk’s larger goal of integrating crypto and fiat operations into a single digital ecosystem includes this launch.

Will Dogecoin be included in Elon Musk’s X App?

It is unclear if DOGE will be incorporated or not because it is not included in the leaked roadmap. Furthermore, there is more ambiguity because Yaccarino could not identify any assets that could be listed or traded.

Nevertheless, given Musk’s passion for DOGE and his drastic choice, experts continued to predict the probability. This includes the recent declaration of the formation of the “America Party,” a political party.

Musk stated in March 2024 that DOGE might eventually be added to the list of companies who purchase Teslas, but he provided no timeframe. Numerous other statements imply that he anticipates payments using DOGE, leading cryptocurrency users to assume that the payment app would facilitate this.

Elon Musk Interview

Industry analysts anticipate that when the foundation is established, the first fiat rails and cryptocurrency ones, such as DOGE, would follow. The leaked roadmap does not include the DOGE name, so investors will have to wait for official confirmation.

Scammers use OP_RETURN to lay claim to Mt.Gox’s lost 80,000 Bitcoin

One of the most notorious addresses in cryptocurrency history, the 1Feex wallet holding almost 80,000 BTC that was stolen from Mt. Gox, is the target of a troubling new scam that takes use of the obscure OP_RETURN function in Bitcoin transactions.

Given its present value of almost $8.7 billion, that hoard is a potential target for scammers looking to assert their legal claims to it.

How OP_RETURN is helping scammers target Mt.Gox’s missing 80,000 Bitcoin

850,000 Bitcoin vanished in 2014 as a result of the Mt. Gox collapse. Wallets like 1Feex have not been handled up to this point, despite the fact that 140,000 BTC was retrieved for creditor repayments.

The scammer is probably counting on two things to happen. The first is posing as the wallet’s custodian in order to obtain private user information.

Second, they are establishing the foundation for a formal ownership claim, maybe akin to earlier legal actions that sought to compel Bitcoin developers to relinquish access to misplaced coins.

Accordingly, BitMEX Research has discovered a fraud. It entails leveraging the OP_RETURN field to send tiny transactions to legacy Bitcoin addresses. The purpose of this location on the Bitcoin blockchain is to hold arbitrary data.

A message that points users to a dubious website is included in one of these transactions to the dormant 1Feex address.

A client who has taken “constructive possession” of the wallet and is looking for a “bona fide owner” is represented by the linked website.

According to reports, it asserts ties to the venerable Wall Street company Salomon Brothers. But according to BitMEX analysts, the relationships are fraudulent.

“Do NOT fill in this form,” the team warned.

The BitMEX Research team also noted that the website uses false pretenses to get personal identity information. The swindle tries to pass itself off as legitimate under the law.

VanEck’s Head of Digital Assets Research, Matthew Sigel, echoes larger worries in the cryptocurrency industry, particularly with regard to the legal framing of the scheme.

Why Calvin Ayre’s legal history resurfaces in OP_TURN ownership controversy

Calvin Ayre, a longtime supporter of Bitcoin SV and a contentious character, was quickly brought up by users. According to reports, Ayre has contributed to court cases claiming ownership of Bitcoin that has been stolen or left inactive.

Some users, however, cautioned against slander and took this knowledge with a grain of salt. One user specifically requested evidence that Ayre has engaged in phishing-style frauds.

However, the fact that OP_RETURN is currently being used as a weapon in a gray area between spam and pseudo-legal attacks does not change.

This scam comes as OP_RETURN restrictions in Bitcoin Core are once again a source of discussion. It discussed a plan to limit OP_RETURN data under Bitcoin Core v0.30 to 80 bytes. Concerns about spam and network bloat are mentioned in the paper.

The current wave of scams may provide new credence to the case for stricter controls, even though the limit is still being reviewed.

Furthermore, it revealed in late April that a disagreement among Bitcoin Core developers had been sparked by Peter Todd’s suggestion to further limit OP_RETURN.

It would hinder innovation and off-chain use cases, according to critics. Others backed it in the interim to lessen abuse and attack surfaces.

However, OP_RETURN is increasingly being abused for phishing techniques, as this latest attack shows. Dormant assets and legal ambiguity are prime targets for bad actors.

In this instance, the distinction between exploitable vectors and technical freedom is once more being examined, with billions at stake. Interest arises because these messages are permanently anchored into the Bitcoin ledger via OP_RETURN transactions.

Pepe Coin price rallies despite whales dumping 1 trillion PEPE in 24hrs. Is it a fakeout?

With whales selling more than 1 trillion PEPE tokens and a bearish flag pattern, the price of Pepe Coin is at risk of plunging 50% below $0.00000480.

Given that it has fallen by more than 11% in the past month, Pepe Coin (PEPE) has not produced any significant gains. With $673 million in traded volumes and a small 2.7% 24-hour increase, the price of Pepe Coin was $0.0000102 on July 9. A bear sign suggests that a 50% drop may be imminent, so even with today’s gains, whales appear to be selling after offloading almost 1 trillion tokens in a single day.

Whales dump 1 trillion PEPE tokens

As seen by the drop in their holdings, PEPE whales may be preparing to sell their tokens and lower the likelihood of suffering losses. According to IntoTheBlock data, whales sold over 1.16 trillion tokens in a single day after their wallet balances fell from 647 billion to -521 billion.

Pepe Coin Price Outlook as Whales Dump 1 Trillion Tokens
PEPE Large Holder Netflows (Source: IntoTheBlock)

Whale wallets that have chosen to sell tokens rather than purchase them may be indicating that they anticipate a decline in value. On the daily chart, this behavior coincides with the development of the bearish flag pattern.

Pepe Coin price faces 50% drop amid bearish flag pattern

Due to the formation of a bearish flag pattern, which is typically an indication that bearish traders are about to seize control, the price of Pepe Coin may be on the verge of crashing. Additionally, the pattern indicates that the gains that began in late June are coming to an end, and the price of PEPE may return to its earlier downward trend.

This flag pole’s peak is the 49% decline to a low of $0.00000830 that occurred in just one month. The price of Pepe Coin may tumble to $0.00000480 if the same decrease occurs again and it falls below the support of the ascending channel that forms the flag.

The ADX also indicates that because the upward trend is not strong enough, the parallel channel that formed the flag pole may eventually run out of energy. The Pepe Coin price prediction generated by this bearish pattern may be validated by this indicator.

However, because the CMF indicator has stayed negative, very few traders are prepared to purchase Pepe Coin at the current price. This is just another indication that the price may drop as the upward trend is ready to cease.

Pepe Coin Price Analysis s Bear Flag Warns of 50% Crash
PEPE/USDT: 1-day Chart (Source: TradingView)

The ADX also indicates that because the upward trend is not strong enough, the parallel channel that formed the flag pole may eventually run out of energy. The Pepe Coin price prediction generated by this bearish pattern may be validated by this indicator.

However, because the CMF indicator has stayed negative, very few traders are prepared to purchase Pepe Coin at the current price. This is just another indication that the price may drop as the upward trend is ready to cease.

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