Elon Musk posts DOGE-1 surges 300%! 2.8 million meme millionaire god.sol enters to buy up

This week, Elon Musk posted “It’s time” on X, reigniting discussions about Dogecoin and prompting traders to seek opportunities across the entire MEME ecosystem. Speculators began chasing the DOGE-1 MEME coin derived from Dogecoin. DOGE-1 surged by about 300% at one point, with a trader named god.sol spending approximately $14,800 to purchase 16.27 million DOGE-1 tokens.

Musk Posts “It’s Time,” Revisits DOGE-1 Lunar Mission

(Source: Trading View)

Musk’s “It’s time” post on X echoed his own tweet from April 2021, when he promised SpaceX would “put a real Dogecoin on the real moon.” After that tweet, DOGE’s price soared nearly 30% within minutes, demonstrating Musk’s massive influence over this MEME coin. This latest statement hints that the DOGE-1 satellite mission may actually be nearing launch.

The DOGE-1 mission itself remains a real project. Developed by Geometric Energy Corporation and funded with Dogecoin, its payload is scheduled to be launched by SpaceX’s Falcon 9 rocket. Documents show that after multiple delays, the target launch date is set for late 2025. If the mission does launch by year-end, it will be a landmark event in crypto history—the first space mission fully paid for with cryptocurrency.

However, the market’s reaction to Musk this time was extremely muted. Dogecoin barely moved at first, then fell along with the broader market. On the morning of November 5, DOGE traded near $0.16, while Bitcoin and Ether also declined due to weakened market risk appetite. This tepid response stands in stark contrast to the frenzy of 2021, showing that Musk’s influence over Dogecoin has significantly diminished.

Speculators instead flocked to DOGE-1, a MEME coin named after the planned cubesat mission funded by Dogecoin. DOGE-1 tokens are not an official project, but rather a MEME coin created by speculators on the Solana chain, leveraging the SpaceX mission’s name to attract attention and trading. Such “trend-chasing” tokens are extremely common in the crypto market, with related MEME coins quickly appearing whenever major news or celebrity activity occurs.

god.sol: $2.8 Million Profits, $14,800 Bet on DOGE-1

(Source: SolScan)

On-chain data shows that veteran MEME coin traders are shifting to DOGE-1. Lookonchain noted that after Musk’s post, DOGE-1 surged about 300%. But the token then fell 17.4% to $0.73. Such wild volatility is typical of MEME coins, with prices potentially multiplying in hours and then quickly pulling back most of the gains.

On-chain records reveal a notable buyer here. According to wallet records, a trader named god.sol (aka Mitch) spent about 100 SOL (around $14,800) to buy 16.27 million DOGE-1 tokens. For retail investors, $14,800 is a large sum, but for professional traders, it’s an acceptable trial-and-error cost. The key is god.sol’s background and track record.

The wallet shows that previous MEME coin trades have netted about $2.8 million in profits, with short holding periods and rapid rotation. The $2.8 million cumulative profit proves god.sol is an extremely successful MEME coin trader, with precise control over market sentiment, entry timing, and Log Out discipline. The market closely watches such traders, as their moves may represent the direction of smart money.

god.sol’s trading style is short holding periods and rapid rotation. This means he’s not a long-term believer, but rather trades short-term based on technical analysis, market sentiment, and event-driven factors. His DOGE-1 purchase may be based on the following judgment: Musk’s tweet will trigger short-term hype, DOGE-1 as the directly related token will get maximum attention, and profits can be taken within a brief hype window. As it turned out, DOGE-1 did surge 300% briefly; if god.sol Logged Out near the top, that $14,800 investment could have turned into $50,000–$60,000.

Key Information on god.sol Trader

Identification: Veteran MEME coin trader, also known as Mitch

Historical Performance: About $2.8 million in cumulative profits

Trading Style: Short holding periods, rapid rotation, strict risk control

Latest Move: Spent 100 SOL ($14,800) to buy 16.27 million DOGE-1

Market Impact: Smart money moves are tracked and may trigger copycat trades

DOGE-1’s 300% Surge and Rapid Pullback

Lookonchain noted that after Musk’s post, DOGE-1 surged about 300%. But the token then fell 17.4% to $0.73. This rollercoaster pattern is typical of MEME coin hype: news triggers fear of missing out (FOMO), prices soar within minutes or hours, early buyers or creators take profits, latecomers panic sell, and prices quickly pull back to pre-hype or even lower levels.

A 300% gain means the price quadrupled in a short time. Traders who bought at the bottom and sold near the top would see astonishing returns. However, such perfect trades are extremely hard to execute, as MEME coin price swings are lightning-fast—crashing from the top can take just minutes. Most retail investors, upon seeing the news and deciding to buy, may already be near the peak and end up stuck at high prices.

The subsequent 17.4% fall means most of the gains were pulled back. If DOGE-1 rose from $0.18 (hypothetical) to $0.72 (300% gain), then fell to $0.73, it’s only slightly above the starting point, with most gains already gone. This price action is a classic “pump and dump,” with early participants and insiders selling at the top to later retail buyers.

As with previous MEME coins, the key lies in on-chain information. Watch wallet movements like god.sol, monitor liquidity for DOGE and DOGE-1 on exchanges, and track SpaceX-related news, which could reignite speculation about the mission’s timeline. If SpaceX actually announces DOGE-1 is scheduled for launch, DOGE-1 tokens may see another round of hype. Until then, it’s more likely a speculative tool than an investment target.

Diminishing Musk Effect and Worsening Market Conditions

Musk’s connection to Dogecoin runs deep. He once called Dogecoin “the people’s cryptocurrency,” joked it was a Mars currency, and even changed his X profile to “former CEO of Dogecoin.” In 2021, some of his comments drove DOGE’s price to surge, with its market capitalization briefly topping $80 billion. That was the peak of Musk’s influence, when every tweet could move the market and the “Dogefather” nickname was well deserved.

This time, the market backdrop seems much tougher. After October’s heavy losses, the crypto market started November poorly, with liquidations and tight liquidity weakening the usual Musk effect. Bitcoin fell about 10% on Wednesday, and overall market sentiment is risk-off. Traders described a strong risk-averse environment, with rallies fading quickly and dips attracting only limited buying.

Macroeconomic factors are also weighing on market sentiment. The market interpreted hawkish Federal Reserve comments and global economic instability, a combination that has weakened the upside momentum for high-beta tokens and pushed funds toward larger market capitalization coins during volatility spikes. The rotation to safer tokens explains the divergent behavior seen in the MEME complex. Dogecoin fell along with mainstream coins, while DOGE-1 briefly became a momentum target before profit-taking pulled it back.

This rapid back-and-forth matches the market’s focus on liquidity and exit channels. In a liquid, optimistic environment, MEME coin hype can last days or weeks, attracting large inflows of retail capital. But in today’s tight liquidity and overall market downturn, the hype window is extremely short, and only the fastest traders can profit—most participants will take losses.

For now, this type of trading is more strategic. If the overall market stabilizes, various “meme” coins could quickly rebound, especially after Musk posts an update. But with Bitcoin holding key levels and derivatives market capital resetting, many traders prefer strict risk control and quick action.

DOGE-1 Investment Risks and Rational Assessment

For ordinary investors, DOGE-1 and similar MEME coins carry extremely high risk and are not recommended. First, DOGE-1 tokens have no official connection to the actual SpaceX mission—only the name is the same. Even if the mission launches successfully, the token will not receive any real Return or rights. Second, MEME coin prices are driven entirely by speculation, lacking any fundamental support, and prices can fall to zero at any time.

Third, the MEME coin market is rife with manipulation and fraud. Creators may hold large amounts of tokens after launch and sell to retail investors during price hype (rug pull). Liquidity may be withdrawn, making it impossible for holders to sell. Trades may be restricted or subject to high taxes. These risks make MEME coin trading more like gambling than investing.

Fourth, even professional traders like god.sol can lose money trading MEME coins. The $2.8 million cumulative profit may come from hundreds of trades, with only 20–30% being successful, but the huge profits from those successful trades cover the losses from others. Ordinary investors typically lack god.sol’s skills, experience, and discipline, and blindly following may lead to major losses.

Rational investors should stay away from pure speculative tokens like DOGE-1. If you truly believe in Dogecoin’s long-term prospects, directly buying DOGE itself is a wiser choice. While Dogecoin is also a MEME coin, it at least has years of history, a broad Group base, and ongoing attention from Musk. In contrast, DOGE-1 tokens may be completely forgotten in weeks or months.

If you really want to participate in MEME coin hype, you should set extremely strict risk management: only use funds you can afford to lose All (1–2% of total capital), set stop-losses 20–30% below your entry price, take partial or full profits immediately if you gain 50–100%, and never chase the price. Even following these rules, MEME coin trading remains a high-risk activity and is not suitable for most investors.