Is X Money Really Ready?

Elon Musk’s vision to turn the X platform into a massive financial hub is no longer just a series of tweets; X Money is beginning to take shape as a tangible reality. According to details shared with the xAI team in February 2026, the system has already entered closed internal testing. This shouldn’t be surprising, as the company has been securing licenses in more than 40 US states and negotiating with giants like Visa. Musk’s main goal isn’t just finding a payment solution—it’s about placing 1 billion users in a single “everything app” where they can manage all their assets.

Why Are Crypto Investors Excited?

During the xAI “All Hands” presentation in February 2026, Musk revealed that X Money is currently being tested internally. A limited beta for users is expected within the next one to two months. Musk describes the platform as the “central source of all money” and the “focal point for all financial transactions.”

Musk said, “X Money has been running as a closed beta internally. Over the next month or two, we plan a limited external beta and then a rollout to all X users. The goal is to be the central hub for all money and financial transactions. It’s truly going to be a game-changer.”

But it doesn’t stop there. The aim is to push monthly active users beyond 600 million and eventually reach 1 billion. Analysts compare this ambition to building an “everything app” similar to China’s WeChat.

Beta and Licenses

X Money holds money transmitter licenses in over 40 US states. Partnerships with major payment providers such as Visa further solidify Musk’s plans. The closed beta is already running internally, and a limited external beta will soon allow users to experience the platform firsthand.

At this stage, the system’s infrastructure, payment flows, and security protocols are under testing. According to Musk, the platform is not just a feature—it aims to create a full financial ecosystem.

Dogecoin and XRP Speculations

Investors are already weaving their own narratives. Dogecoin (DOGE), closely associated with Elon Musk’s personal brand, is an obvious candidate. Musk has previously hinted that DOGE could be suitable for microtransactions.

Another potential player is XRP. X’s payment flows are processed with the help of Cross River Bank, which has used the Ripple protocol since 2014 to enable real-time cross-border payments between the US and Western Europe. However, neither DOGE nor XRP has shown significant price movement in response to news of X Money so far.

Market Impact and the Future

Once officially launched, the impact of X Money on crypto markets and the broader financial system will become clearer. Changing user behavior, particularly convincing people to trust their money with a social media giant, is no small task. In the coming months, analysts will watch not only transaction volumes but also how effectively this system can function as a truly “centralized” financial hub.

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Not Just Prices—Trading May Be Included

According to X’s Head of Product Nikita Bier on January 11, the new feature will go beyond simple price charts. Users will be able to access smart contract information and current news related to each asset directly from their timelines.

Leaked screenshots even hint at potential “Buy/Sell” buttons inside X. The market is speculating: is X partnering with brokerage platforms like Robinhood, or building its own trading infrastructure? Bier stated, “X is the best source for financial news — and hundreds of billions of dollars are deployed based on what people read here,” underscoring the platform’s ambitious aim.

Crypto Community Reaction and Timing

The announcement coincides with criticism from the crypto community claiming content suppression on X. Users have argued that organic crypto content was being buried while spam dominated feeds. Smart Cashtags may be seen as a strategic move to ease this tension.

Risks and Key Points to Watch

X has obtained money transmitter licenses in at least 25 U.S. states, signaling preparation for crypto-based payments. However, it remains unclear which products will actively leverage these licenses. While the feature offers real-time tracking advantages, content visibility and platform balance risks remain.

Solana Labs has welcomed the development; Smart Cashtags will allow Solana-based tokens and charts to be tracked directly on X, generating excitement in the community.

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As debate over Bitcoin’s long-term trajectory intensifies, Jan3 founder Samson Mow has offered a Musk-centered projection that stands out for its timing rather than its certainty. Mow suggests that 2026 could represent a clear break in Elon Musk historically cautious relationship with Bitcoin. The claim is being read not as a simple investment call, but as a signal that market sentiment may pivot around timing rather than price alone.

In a brief post shared on X over the weekend, Mow implied that Musk could make a large-scale Bitcoin move. While no explicit roadmap was offered, the emphasis on 2026 appeared deliberate. Coming after years of aggressive crypto predictions that failed to materialize, the comment sparked cautious curiosity rather than outright enthusiasm.

Elon Musk Historically Distant Bitcoin Stance

Musk’s interest in cryptocurrencies is well documented, but Bitcoin has always occupied an uneasy position. Tesla’s decision in May 2021 to halt Bitcoin payments over environmental concerns became the clearest symbol of that distance. This was followed in July 2022 by the company selling %75 of its Bitcoin holdings, reinforcing skepticism around any renewed commitment.

Still, Mow argues that 2026 presents a different equation. Energy infrastructure shifts, improvements in mining efficiency, and mounting macroeconomic pressures are quietly rearranging the backdrop against which Musk’s decisions are made.

A Seven-Figure Bitcoin Scenario

Mow is known for his bullish outlook on Bitcoin’s long-term value. He has repeatedly suggested that Bitcoin could reach seven-figure territory by 2026. Based on CoinMarketCap data, his previously cited $1.33 million target would represent a %1,367 increase from current levels.

According to Mow, this outlook is not driven solely by retail speculation. He points to the growing possibility of nation-states evaluating Bitcoin as a reserve asset—an evolution he believes could bend the price curve away from gradual appreciation toward sudden repricing. He has previously described this transition as a move “from incremental growth to abrupt repricing.”

Why Bitcoin continues to rise remains a frequent question. Limited supply and expanding institutional interest are often cited first. Yet many observers believe the real pressure comes from less visible state-level interest and the expectations it creates. Even so, this backdrop does not guarantee a smooth or uninterrupted climb in the short term.

Not Everyone Shares the Same Conviction

Mow’s confidence is not universally shared. Bitwise CIO Matt Hougan has outlined a more measured outlook for the coming decade, suggesting solid returns are plausible without extreme price spikes. In the wake of repeatedly missed high-end forecasts, this restraint has resonated with a segment of the market.

Figures like Arthur Hayes and Tom Lee have previously argued that Bitcoin could reach $250,000 by the end of 2025—predictions that persisted even during market pullbacks.

Other Notable Forecasts From Mow

Mow’s 2026 thesis extends beyond Bitcoin alone. Among his other notable expectations:

• Strategy (MSTR) shares reaching $5,000

• Bitcoin outperforming gold and silver

• At least one country issuing Bitcoin-backed bonds

When pressed about the accuracy of his past predictions, Mow tends to deflect. Asked how many had played out as expected, his answer was brief and revealing: “Let’s not look back.”

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Unlike classic internet humor-fed memecoins, PNUT has drawn attention in the crypto world as a token inspired by a real event and centered on societal sensitivity. Behind the project lies the tragic story of a squirrel that became an internet phenomenon and the global resonance this story created.

What is Peanut the Squirrel (PNUT)?

Peanut’s story began in 2017 when Mark Longo, living in New York state in the USA, rescued an injured eastern gray squirrel. After unsuccessful attempts to release it back into nature, the squirrel was adopted by Longo and named “Peanut.”

Over time, Peanut reached a wide audience thanks to videos and photos shared on social media. Its cute behaviors and bond with Longo transformed Peanut from an ordinary pet into an internet phenomenon. Quickly gaining hundreds of thousands of followers, Peanut became a symbolic figure raising awareness, especially on animal rights.

This popularity paved the way for Peanut to be used not only in the digital world but also as a symbol in social projects aimed at animal welfare. Over time, Peanut became the face of “Peanut’s Freedom Farm,” an animal sanctuary, contributing to the protection of hundreds of animals.

Tragic End and Societal Reaction

Peanut’s story came to an unexpected and controversial end in October 2024. The New York State Department of Environmental Conservation took Peanut from Mark Longo’s home for various reasons. During the process with authorities, it was claimed that Peanut bit an official, leading to the decision to euthanize the animal due to rabies risk.

This development sparked a huge reaction among the wide audience that had followed Peanut for years. The event quickly became trending on social media, with many evaluating the process as “disproportionate intervention” and “abuse of authority.” The discussion that began around animal rights, public authority, and individual freedoms extended to the crypto world.

The Birth of PNUT Memecoin

The societal reaction that emerged after Peanut’s death quickly reflected into the crypto ecosystem. In this process, to keep Peanut’s memory alive and turn what happened into a symbolic protest, the memecoin named Peanut the Squirrel (PNUT) was launched.

PNUT was released on the Solana blockchain in November 2024. The project was developed by an anonymous team and launched with the “fair launch” model commonly seen in the memecoin world. Being introduced to the market without any private sales, pre-mining, or investor privileges increased trust in the project within the community.

PNUT’s core motivation is positioned not just as price movements; but to keep Peanut’s story alive, create awareness on animal welfare, and build a community-based ecosystem.

On Which Blockchain Does PNUT Operate?

The PNUT token was developed on the Solana network. The main reasons for choosing Solana include:

• Low transaction fees
• High transaction speed
• Broad DeFi and NFT ecosystem
• Infrastructure suitable for memecoin projects

Thanks to this infrastructure, PNUT quickly began trading on decentralized exchanges and experienced rapid growth in liquidity.

PNUT Tokenomics

PNUT’s token structure offers a quite simple and transparent model for memecoin projects:

• Total supply: 1,000,000,000 PNUT
• Network: Solana
• Distribution model: Fair launch
• Liquidity: 100% allocated to liquidity
• LP status: Liquidity burned (LP Burned)

This structure creates a system that does not allow the project team to sell tokens later or manipulate the market.

Vesting:

PNUT’s Rapid Rise

Shortly after its launch, PNUT began attracting great interest on social media. The story of Peanut stood out as the most important factor distinguishing the project from other memecoins. With community support, the token quickly gained trading volume on decentralized exchanges in the Solana ecosystem.

Initially surpassing the hundred million dollar level in market value, PNUT reached a much wider investor base with its listing on centralized exchanges. Especially after being listed on a major global exchange, PNUT’s market value quickly exceeded the 1 billion dollar level.

During this process, intraday movements exceeding 300% in token price made PNUT one of the most talked-about memecoin projects of the period.

Elon Musk and the Influence of Public Opinion

Public interest in Peanut’s story played a significant role in increasing PNUT’s popularity. Especially Elon Musk’s posts on the social media platform X ensured that the event was not limited to crypto circles.

Musk’s posts criticizing what happened in terms of government intervention and animal rights contributed to PNUT being recognized by a much wider audience. This situation once again demonstrated how decisive story, timing, and public interest can be in memecoin projects.

Does PNUT Have Any Use Cases?

Although PNUT is primarily positioned as a community-focused memecoin, some use cases have been developed over time:

• Payment tool in community donations and events
• Integration with some NFT and game projects in the Solana ecosystem
• Campaigns aimed at animal welfare awareness

These use cases aim to ensure that PNUT goes beyond merely being a speculative asset.

Peanut the Squirrel (PNUT) Team

PNUT was developed in 2024 by an anonymous team. As in many meme coin projects, the PNUT team is also anonymous.

Official Links

• Website
• X (Twitter)

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“Energy Is the Real Currency”

Musk emphasized that energy should be considered the fundamental unit of value in the economy. Unlike money, which governments can print at will, energy is bound by the immutable laws of physics. This constraint gives it a unique form of authenticity.
He noted that because energy cannot be arbitrarily increased or manipulated, any value system rooted in energy becomes inherently more credible.

Musk pointed out that fiat currencies throughout history have been subject to dilution through excessive issuance, while energy cannot be produced by decree. As he described it, the scarcity and effort required to generate energy make it the closest thing to a “true currency.”

Why Bitcoin Is Built on Energy

A central part of Musk’s explanation centers around Bitcoin’s Proof-of-Work consensus mechanism, which relies on significant computational effort and energy expenditure to validate transactions and secure the network.
This structure differentiates Bitcoin from traditional currencies. While monetary authorities can expand the money supply with a policy decision, Bitcoin’s issuance is tied to measurable and verifiable energy use. For Musk, this makes the system resistant to manipulation and aligned with physical reality.

He underscored this distinction by stating that no law or government action can suddenly create large amounts of energy, reinforcing why Bitcoin’s foundation is fundamentally harder to counterfeit or distort.

Energy as the Basis of All Value Creation

Musk also argued that energy is indispensable for every form of productive activity, from manufacturing to digital processes. Without energy, economic systems cannot function. This universal dependency, he suggested, is what gives energy its status as a foundational store of value.

In this context, Bitcoin’s energy-based structure positions it as a resilient and potentially enduring asset. Its reliance on physical resources rather than political decisions provides a long-term stability that Musk believes traditional currencies lack.

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Large-Scale Transfer: 1,163 BTC Distributed to Two New Wallets

According to Arkham’s findings, SpaceX transferred a total of 1,163 BTC to two new Bitcoin wallets. The transfer details are as follows:

• 399 BTC → “bc1qh…galzy”
• 764 BTC → “bc1q4…u54ez”

This is the largest Bitcoin transfer made by SpaceX since October 29. Last month, the company moved another significant amount—281 BTC—to a different wallet. Many analysts believe that these on-chain movements indicate SpaceX is updating its Bitcoin custody structure, shifting away from hot wallets and transitioning to more secure, modern storage infrastructure.

SpaceX’s Bitcoin Portfolio: Over Half a Billion Dollars with 6,095 BTC

Arkham Intelligence’s detailed tracking data shows that SpaceX currently holds:

• 6,095 BTC
• With a total value of roughly $552.9 million

Due to the recent recovery in the crypto market, the dollar value of SpaceX’s Bitcoin reserves has increased substantially. While SpaceX’s Bitcoin position has long been a topic of debate, on-chain data confirms that the company still maintains reserves exceeding half a billion dollars.

Analysts: “This Is Not a Sell-Off — It’s a Custody Upgrade”

One of the first questions raised by the crypto community was whether the transfers were linked to selling pressure. However, on-chain experts emphasize that the movements do not signal selling activity. Instead, they indicate that SpaceX is migrating its Bitcoin to a more secure and modern storage setup.

Analysts highlight three key signals:

• Upgrading security infrastructure
• Updating wallet and custody structure
• Consolidating reserves

Since the funds were moved directly into fresh, unmarked wallets—not centralized exchanges—the transfer aligns with long-term storage goals rather than liquidation.

A similar picture can be seen at Tesla. Despite a major sale in 2022, the company still holds 11,509 BTC, worth approximately $1.05 billion. Together, Tesla and SpaceX hold tens of thousands of BTC, representing a significant institutional reserve presence in the crypto market.

Wallet Reactivated After Years of Silence — A New Phase May Have Begun

SpaceX-linked wallets became active again in late July after nearly three years of inactivity. Between July and November, the following movements were recorded:

• $153 million in BTC activity
• A major $268 million transfer
• Now an additional $105 million movement

This pattern of increasing activity strongly suggests that SpaceX has begun implementing a new custody strategy.

Overall Assessment

SpaceX’s $105 million Bitcoin transfer indicates that the company is not selling its BTC but rather strengthening its custody infrastructure. Experts describe the move as a security upgrade, wallet modernization, and reserve consolidation effort. The fact that the transfers went to new wallets and show no signs of exchange deposits supports this assessment. With 6,095 BTC in reserves, SpaceX continues to stand as one of the most significant corporate holders of Bitcoin in the crypto ecosystem.

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What DOGE Was and Why It Ended

DOGE launched at the start of Trump’s second term as a reform tool to shrink federal agencies, cut budgets, and realign priorities. The team initially froze hiring, reduced budgets in some units, and carried out restructuring efforts. However, DOGE failed to provide a detailed, publicly auditable financial report over time. Officials claimed the project saved tens of billions of dollars, but independent experts could not verify these numbers. The White House spokesperson emphasized that the president had full authority to reduce waste, fraud, and abuse.

OPM Director Scott Kupor confirmed, “It’s gone,” signaling that DOGE no longer exists. The department lifted the nationwide hiring freeze, and federal staff reduction targets no longer apply, quietly rolling back the initiative that initially aimed to shrink the government.

Elon Musk and DOGE’s Public Influence

Elon Musk was a prominent figure in DOGE’s early days. He frequently promoted the project on social media and drew attention at a Maryland conference by saying, “This is our saw for bureaucracy.” However, following a public dispute with Trump in May, Musk distanced himself from Washington.

Despite this, Trump and his team continue to pursue DOGE’s core principles through other channels. For instance, the White House Budget Office tasked DOGE’s representative at the Department of Housing and Urban Development with developing AI tools to review and streamline regulations. Musk also recently appeared at a White House dinner for Saudi Crown Prince Mohammed bin Salman, indicating that his political connections remain partially intact.

Critical Assessment: How Real Was Trump’s “Downsizing” Agenda?

DOGE’s formal closure raises questions about the practical impact of Trump’s government downsizing claims. Critics argue that the project started with grand promises but failed to deliver measurable savings.

Even though the project ended, several former DOGE managers have continued roles within the OPM and other agencies, suggesting that the DOGE mindset has not entirely disappeared. Furthermore, similar efficiency-focused initiatives continue to emerge at the state level in the U.S.

The End of Trump’s Program

The quiet shutdown of DOGE highlights the gap between Trump’s downsizing rhetoric and the tangible results on the ground. While the initiative initially grabbed headlines, it did not provide verifiable savings or clear reform outcomes. On the other hand, former DOGE personnel have transitioned to new roles, indirectly continuing the project’s vision.

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Two Major Bitcoin Transfers in One Week: SpaceX Moves Hundreds of Millions

Arkham Intelligence’s analysis reveals that SpaceX executed two large Bitcoin transfers last week. The first took place on Tuesday, involving approximately $268.5 million worth of Bitcoin the company’s first major BTC movement since July. Then, on Friday, SpaceX transferred another $133.7 million in Bitcoin to new wallets.

In total, the company moved roughly $400 million worth of Bitcoin within just a few days.

According to Arkham’s data, SpaceX currently holds around 6,970 BTC, valued at approximately $770 million. Rather than selling, the company appears to be transferring its Bitcoin holdings to newer and more secure wallet addresses, signaling a custodial restructuring rather than liquidation.

SpaceX’s Bitcoin Journey: Major Reduction in 2022, Renewed Activity in 2025

SpaceX’s history with Bitcoin has been nothing short of eventful. During the mid-2022 crypto collapse  triggered by the Terra-Luna crash and the subsequent FTX bankruptcy  the broader market experienced a severe downturn. Amid that uncertainty, SpaceX reportedly sold around 70% of its Bitcoin holdings.

Since then, there had been no public evidence of new purchases. However, the company’s recent activity suggests that SpaceX is moving its remaining BTC holdings to more secure storage addresses as part of a long-term “HODL” strategy. Analysts interpret this as a sign that Elon Musk’s companies continue to actively manage their crypto reserves while upgrading security measures to protect digital assets.

Bitcoin Price Update: Limited Market Reaction

At the time of reporting, Bitcoin was trading at $110,493.92. Despite the large transfers, there was no significant price volatility following the news. Experts say this supports the view that SpaceX’s actions were not sales but internal security-related transfers.

Nonetheless, transactions of this scale often rekindle discussions about institutional participation in crypto markets and influence investor sentiment, highlighting how major corporate moves can still resonate across the broader Bitcoin ecosystem.

Tesla Updates Its Bitcoin Portfolio

Another of Elon Musk’s giants, Tesla, is following a similar path in managing its crypto investments. In 2022, the company sold a large portion of its Bitcoin holdings to reduce exposure to market risks. Despite this, Arkham Intelligence data shows that Tesla still holds 11,509 BTC, valued at approximately $1.24 billion today.

This solidifies Tesla’s position as one of the largest corporate Bitcoin holders in the world. The way Tesla and SpaceX handle their crypto assets is increasingly viewed as a model of risk management for institutional investors combining cautious diversification with long-term strategic holding.

Overall Assessment

Many analysts interpret SpaceX’s recent Bitcoin transfers as part of updated institutional security protocols. The new wallets may include enhanced multi-signature structures and stronger security layers, designed to protect digital assets more effectively.

Such measures not only ensure asset protection, but also reinforce transparency and trust among large institutional players.

Experts believe that the long-term holding strategies of major corporations like SpaceX and Tesla could contribute to greater market stability over time. While these actions may not trigger immediate price movements, they serve as evidence of the growing institutional adoption of Bitcoin — establishing a more robust foundation for the crypto market’s future.

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SpaceX’s Massive 2,395 BTC Transfer

AI-powered on-chain analysis platforms revealed that SpaceX conducted a large-scale BTC transfer after a three-month pause. The company reportedly sent a total of 2,395 BTC (worth around $268 million) to two separate addresses:

• 1,187 BTC to address ..4sduw
• 1,208 BTC to address ..6kqef

Following these transactions, no further movement, sales, or outgoing transfers were detected from either recipient address. This suggests the transfer may have been an “internal wallet restructuring” rather than a sale or external transaction.

July’s Similar Transaction Was Linked to Coinbase

Back in July, a similar transfer believed to be associated with SpaceX was later analyzed by Arkham Intelligence, which identified it as a Coinbase Prime Custody address. This indicated that the company was not transferring its crypto assets directly to exchange accounts, but instead using institutional-grade custody solutions for secure storage.

Experts believe this latest transaction serves a similar purpose, suggesting that SpaceX may be moving its Bitcoin holdings to more secure, enterprise-level storage wallets, reflecting a more professional and risk-conscious approach to crypto management.

No Signs of Selling, but All Eyes on SpaceX

Since the transfer, no outgoing or sell transactions have been observed from the recipient wallets. On-chain data shows the funds remain completely dormant, supporting the idea that this was an internal move for security or operational reasons, rather than a speculative sell-off.

However, because SpaceX is a major institutional player, any large Bitcoin transaction it makes tends to spark market speculation. As a result, investors are closely monitoring the company for any potential signals of movement or liquidation.

SpaceX May Be Quietly Updating Its Crypto Strategy

The $268 million BTC transfer, coming after a three-month pause, could signify a subtle but meaningful update to SpaceX’s crypto asset strategy. Considering Elon Musk’s history with digital assets and Tesla’s past Bitcoin transactions, this move may reflect a strategic restructuring of SpaceX’s crypto portfolio.

Although on-chain data confirms the transaction wasn’t related to a sale, such large-scale internal transfers highlight how institutional players are evolving their policies around security, custody, and risk management in the crypto space.

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FLOKI Back in the Spotlight

Musk’s statements created a domino effect in the FLOKI token. As known, FLOKI is a popular meme coin inspired by the name of Musk’s Shiba Inu dog. As with every crypto asset Musk has mentioned, FLOKI’s price surged rapidly following his comments. The phenomenon known as the “Musk effect” once again made its presence felt in the market. Right after Musk’s tweets, FLOKI’s price rose by over 10% within minutes.

Elon Musk’s Longstanding Relationship with Crypto

Elon Musk’s influence on the crypto market is nothing new. The year 2021 was particularly significant, as his tweets caused major volatility across the market. Musk initially shared positive remarks about Bitcoin, but later shifted his focus to Dogecoin, which he described as “the people’s crypto.” Even though he has been more distant from the crypto scene since then, a single post from Musk still plays a decisive role in price movements.

FLOKI Price Outlook

Following Musk’s statements, FLOKI gained strong momentum in a short period. The token rose from $0.000069 to around $0.00009, and is currently trading near $0.00008480. This rise has reignited optimism among FLOKI investors.

From a technical standpoint, FLOKI’s jump can be interpreted as a short-term price reaction. However, such movements driven by Musk’s influence often lead to high volatility in the market. Investors should remain cautious during these periods, as the price may experience a short-term correction.

This content does not constitute investment advice.

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