According to Eric Cryptoman, ongoing public disputes between high-profile billionaires on X (formerly Twitter) are contributing to increased volatility in the cryptocurrency market, with traders reporting heightened price swings and liquidity challenges as a direct result (source: @EricCryptoman, June 5, 2025). Active traders should closely monitor social sentiment and real-time news feeds, as influential personalities debating on social media can trigger rapid market moves, impacting both short-term and long-term trading strategies.

According to crypto analyst @Rager, recent social media discussions highlight a perceived decline in Elon Musk's direct influence on short-term cryptocurrency price movements. Trading data from 2023 to 2024 indicates that tweets or public statements from Musk no longer trigger the same volatility or trading volume spikes seen in previous bull runs, especially for assets like Dogecoin (source: CoinGecko, 2024). Active traders are now advised to rely more on technical analysis and macroeconomic indicators rather than celebrity-driven sentiment for short-term trading strategies.