A political explosion shakes Doge 🚨: Elon Musk withdraws from Trump and the market collapses!
Dogecoin rose 10% today, but its weekly losses reached 22% after Elon Musk officially announced his severing of ties with Trump and a government entity that was referred to as "DOGE".
The drama began when Elon attacked a spending law from Trump, to which Trump responded by withdrawing the nomination of Elon’s ally at NASA, escalating the dispute to the point where Trump threatened to cancel Elon’s company contracts, and Elon retaliated by shutting down the "Dragon" space program.
Although Dogecoin was not mentioned, the market was affected because the currency relies on Elon’s influence, not on real value.
Now, after his withdrawal from politics, the currency has lost its support... and its price is collapsing.
