$DOGE (DOGE), the meme-based cryptocurrency long associated with$$ Musk, remained largely unaffected. The coin traded steadily in the $0.16 to $0.17 range throughout the past 24 hours. Historically, Musk’s tweets have had a noticeable impact on $DOGE price, but this time the market seemed indifferent to the controversy.
Elon Musk has shut down swirling rumors about his departure from Tesla, calling the reports “fake news” in a post on his platform, X (formerly Twitter). The speculation, which caused a brief stir online, centered on claims that Musk was stepping away from his leadership role at Tesla—something both he and the company strongly deny.
Tesla’s board has also spoken out, reaffirming its support for Musk and denying that it is searching for a new CEO. Meanwhile, Tesla continues to accept $DOGE as payment for certain merchandise—a practice it began back in early 2022—highlighting the ongoing connection between the automaker and the crypto token.
In short, Elon Musk is staying put at Tesla (at least for now), and Dogecoin is holding its ground, showing investors aren’t easily rattled by unverified headlines.