Elon Musk and Trump’s Discord Sends Dogecoin Prices Down 6%

Dogecoin experienced a significant price drop of 6% following escalating tensions between Elon Musk and Donald Trump, which played out publicly on June 12, 2025. This incident highlights the substantial influence these two figures exert on the memecoin’s value. The volatile nature of Dogecoin is further highlighted by its susceptibility to non-fundamental events related to public discourse.