News
Dogecoin Price Tumbles Amid Elon Musk and Donald Trump Public Clash
<p data-start="69" data-end="373">Dogecoin&#8217;s value is slipping Friday, dropping 5.3% in 24 hours, with an earlier plunge as steep as 15.3%. Meanwhile, the broader market shows strength—S&;P 500 and Nasdaq both posting gains. The reason? A messy public fallout between Dogecoin&#8217;s biggest booster Elon Musk and former President Donald Trump.</p>
<h2 data-start="375" data-end="433">Musk and Trump’s feud shakes Dogecoin’s hype-driven market</h2>
<p data-start="435" data-end="844">For years, Dogecoin’s price rode high thanks largely to Elon Musk’s tweets. The meme coin soared when Musk joined Trump’s administration as the supposed head of the “Department of Government Efficiency” (DOGE), a playful nod to the cryptocurrency itself. Investors flocked, hoping Musk’s ties to Trump would boost the coin’s fortunes. Dogecoin’s price doubled after the election, riding that wave of optimism.</p>
<p data-start="435" data-end="844"><a href="https://www.theibulletin.com/wp-content/uploads/2025/06/dogecoin-price-chart-with-elon-musk-and-donald-trump.jpg"><img class="aligncenter size-full wp-image-57620" src="https://www.theibulletin.com/wp-content/uploads/2025/06/dogecoin-price-chart-with-elon-musk-and-donald-trump.jpg" alt="dogecoin price chart with elon musk and donald trump" width="1310" height="817" /></a></p>
<h2 data-start="846" data-end="896">But all that good mojo appears to be crashing now.</h2>
<p data-start="898" data-end="1157">Recently, Musk took to X (formerly Twitter) to slam Trump’s “Big, Beautiful Bill,” urging its total overhaul. Trump didn’t hold back either—responding both on social media and in White House press remarks. This back-and-forth put Dogecoin’s shine in jeopardy.</p>
<h2 data-start="1159" data-end="1220">Dogecoin is a meme coin — hype matters more than fundamentals</h2>
<p data-start="1222" data-end="1546">Dogecoin’s value isn’t grounded in anything solid like utility or earnings. It’s all about vibes, hype, and social media buzz. That means wild price swings, for better or worse. The recent pump came on Musk’s high-profile role alongside Trump. Now that relationship’s soured, the hype deflates, and so does the coin’s price.</p>
<p data-start="1548" data-end="1706">This isn’t new territory for Dogecoin. Its history is a rollercoaster driven by celebrity endorsements and viral moments rather than technology breakthroughs.</p>
<p data-start="1708" data-end="1732">Why is this significant?</p>
<ul data-start="1734" data-end="1946">
<li data-start="1734" data-end="1793">
<p data-start="1736" data-end="1793">Dogecoin’s market cap still clocks in around $27 billion.</p>
</li>
<li data-start="1794" data-end="1868">
<p data-start="1796" data-end="1868">Daily trading volumes surpass 1 billion coins, showing lots of movement.</p>
</li>
<li data-start="1869" data-end="1946">
<p data-start="1871" data-end="1946">The coin’s price has been stuck between 18 and 48 cents over the past year.</p>
</li>
</ul>
<p data-start="1948" data-end="2005">Take a look at this table showing Dogecoin’s key numbers:</p>
<div class="_tableContainer_16hzy_1">
<div class="_tableWrapper_16hzy_14 group flex w-fit flex-col-reverse" tabindex="-1">
<table class="w-fit min-w-(--thread-content-width)" data-start="2007" data-end="2308">
<thead data-start="2007" data-end="2049">
<tr data-start="2007" data-end="2049">
<th data-start="2007" data-end="2027" data-col-size="sm">Metric</th>
<th data-start="2027" data-end="2049" data-col-size="sm">Value</th>
</tr>
</thead>
<tbody data-start="2093" data-end="2308">
<tr data-start="2093" data-end="2135">
<td data-start="2093" data-end="2113" data-col-size="sm">Current Price</td>
<td data-start="2113" data-end="2135" data-col-size="sm">$0.18</td>
</tr>
<tr data-start="2136" data-end="2178">
<td data-start="2136" data-end="2156" data-col-size="sm">Market Cap</td>
<td data-start="2156" data-end="2178" data-col-size="sm">$27 Billion</td>
</tr>
<tr data-start="2179" data-end="2221">
<td data-start="2179" data-end="2199" data-col-size="sm">24h Volume</td>
<td data-start="2199" data-end="2221" data-col-size="sm">1,080,513,039 DOGE</td>
</tr>
<tr data-start="2222" data-end="2264">
<td data-start="2222" data-end="2242" data-col-size="sm">52-week Range</td>
<td data-start="2242" data-end="2264" data-col-size="sm">$0.08 &#8211; $0.48</td>
</tr>
<tr data-start="2265" data-end="2308">
<td data-start="2265" data-end="2285" data-col-size="sm">Daily Change</td>
<td data-start="2285" data-end="2308" data-col-size="sm">-5.3% (up to -15.3%)</td>
</tr>
</tbody>
</table>
<div class="sticky end-(--thread-content-margin) h-0 self-end select-none">
<div></div>
<h2 class="absolute end-0 flex items-end">What about investing in Dogecoin now?</h2>
</div>
</div>
</div>
<p data-start="2349" data-end="2730">Honestly? Many experts advise caution. The Motley Fool’s Stock Advisor team didn’t even include Dogecoin in its top stock picks, focusing instead on companies with real growth potential. Stocks like Netflix and Nvidia, once top recommendations, would have turned a $1,000 bet into hundreds of thousands by now. Dogecoin’s wild ride is a far cry from that kind of dependable growth.</p>
<p data-start="2732" data-end="3033">It’s the classic meme coin story—high risk, high drama, and a whole lot of noise. If you’re thinking about throwing some cash at Dogecoin, ask yourself: Are you in it for the thrill or the long haul? Because right now, the drama between Musk and Trump is steering the ship, and it looks pretty choppy.</p>
<p data-start="3035" data-end="3189">In the end, Dogecoin is still mostly a hype vehicle, one that can surge on a tweet and plunge on a spat. So, keep your eyes open and your wallet cautious.</p>

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