Incredible Twist! Musk Warns 'Don't Invest in Meme Coins', Was He the One Who Popularized DOGE Back Then?

On March 1, Musk warned in a podcast: 'Don't invest your savings in Meme coins, the risks are too high!' This statement caused an uproar in the market. It is worth noting that the representative of Meme coins—Dogecoin (DOGE)—was precisely popularized by him.

In 2021, Musk shouted 'DOGE TO THE MOON', even pushing Tesla to accept DOGE as payment, driving its price from a few cents to a peak of $0.73. However, in his SNL appearance, he said 'it's a scam', which led to a 70% plummet of DOGE. Now, he advises people to stay away from Meme coins, as if a gambler advises others 'not to gamble'.

The fate of DOGE has long been deeply tied to Musk; every time it crashes, some fantasize 'Musk will save it'. But now, Musk himself is entangled in troubles and even faces security threats. Perhaps, the decoupling of DOGE from him is the true beginning of independence.

Musk's unpredictability has turned DOGE into the 'plaything' of the market. Now, as he turns around and 'rationally' advises against investing, is it out of fear of regulation, or has he just grown tired of it? When will this 'abusive relationship' come to an end?