Dogecoin Price Outperforms Top 10 Crypto as Traders Bet on Elon Musk’s $1 Trillion Payday
Dogecoin rallied 6.5% following Tesla shareholders’ approval of Elon Musk’s record $1 trillion compensation package, with DOGE derivatives trading spiking 41%.
Dogecoin price outperforms top 10 cryptocurrencies on Nov. 7, 2025 | Source: Coingecko
Tesla shareholders overwhelmingly backed the proposal during the company’s annual meeting, with over 75% of investors voting in favor. The plan grants Musk as many as 423.7 million Tesla shares over the next decade, contingent upon the company achieving aggressive operational and market cap milestones.
Dogecoin traders have historically tracked Musk’s market moves, often responding to his business milestones and cryptic online comments.
Musk Eyes Intel Partnership as Dogecoin Rally Gains Momentum
Elon Musk also signaled potential collaboration between Tesla and Intel, sparking a 2.3% rise in Intel’s stock during Friday’s early session. According to a report from Reuters, Musk noted that while current chip suppliers TSMC and Samsung have met his expectations, future production needs for Tesla’s AI-driven systems may exceed current capacity.
The electric vehicle manufacturer is building custom AI chips to enhance its self-driving capabilities and is exploring semiconductor partnerships to ensure scalability. Musk’s comments highlight Tesla’s growing ambitions to design its chip internally while partnering with leading manufacturers for fabrication.
Dogecoin derivatives markets also recorded a 41% spike in trading activity on Nov. 7, while DOGE open interest rose 10.5%, confirming intense speculative reactions to Elon Musk’s payday package. Open interest trailing the 13% price uptick at press time reflects higher impact from spot purchases than the new leverage positions. This places DOGE price in prime position to extend gains towards the $0.20 mark in the coming sessions.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
