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.