Is Dogecoin Hype Dying Down? Musk Says US Has No Plans For Meme Coin

Dogecoin experienced a significant drop of nearly 10% in the past week following Elon Musk’s statement that the United States government has no plans for using the cryptocurrency. The Tesla CEO, known for his affinity for Dogecoin, clarified this during a town hall event in Wisconsin. While speculation around potential governmental integration persisted, Musk stated there are no plans for DOGE within the federal government. This news disappointed many Dogecoin traders and cast uncertainty on its future.