According to Fox News, Tesla shares dropped by 14% following an escalating social media feud between Elon Musk and former President Donald Trump, leading to a significant decrease in Musk’s net worth. This sharp decline in Tesla’s stock price has increased volatility in related crypto markets, especially tokens and assets tied to Tesla and Musk’s influence, such as Dogecoin. Traders should closely monitor Tesla’s price action and social sentiment indicators, as heightened volatility may spill over into crypto assets linked to Musk. Source: Fox News, June 6, 2025.

According to Fox News, Elon Musk's biographer stated that the billionaire is 'frustrated' and has exited his position in Dogecoin (DOGE), which could influence short-term Dogecoin price action and overall meme coin sentiment. Traders should monitor DOGE volatility as Musk's involvement has historically affected price movements and trading volumes (Source: Fox News, 2025-05-30). This development may also impact other meme tokens and shift investor focus toward alternative cryptocurrencies.

According to Fox News (@FoxNews), Elon Musk announced that his tenure as head of DOGE is ending, emphasizing his government role was limited to 130 days and thanking Donald Trump for the opportunity to reduce excessive spending (Source: Fox News, May 29, 2025). This leadership change is expected to create volatility in Dogecoin trading, as Musk's influence has historically driven significant price swings and trading volumes. Traders should closely monitor DOGE price action, liquidity, and sentiment indicators, as shifts in leadership could impact both short-term momentum and long-term adoption within the crypto market.