According to Fox News, Elon Musk made a controversial claim regarding Epstein and former President Trump on social media shortly after being removed from the Dogecoin (DOGE) community. This event caused notable volatility in DOGE’s price, as traders reacted to Musk’s absence and the surrounding media attention (Fox News, June 5, 2025). The incident highlights the significant influence Musk’s statements and presence have on meme coin trading sentiment, and traders are advised to monitor DOGE and broader meme coin volatility following high-profile social media controversies.