Elon Musk lost his power? Posts about DOGE, nothing happens

From 2020 to 2021, Elon Musk was the catalyst behind Dogecoin’s (DOGE) meteoric rise, with the meme coin closely following his every tweet. His influence was undeniable, often sending DOGE’s price skyrocketing based on memes and casual remarks. However, times may be changing.

On September 7, Musk posted an AI-generated image labeled D.O.G.E., but the market’s reaction was... neutral. No significant price surge followed. In fact, DOGE’s recent performance has been lackluster, trailing behind other cryptocurrencies like Starknet (STRK) and Optimism (OP), which showed gains of up to 11%.

So, what’s happening? Musk's latest post hinted at “Department of Government Efficiency,” a hypothetical role Trump offered Musk if elected. Even so, the market shrugged it off.

Furthermore, a price manipulation lawsuit filed by Dogecoin investors against Musk and Tesla was recently dismissed. The court ruled that Musk’s statements were “aspirational puffery,” not solid facts to manipulate the market.

👉 Key takeaway

Musk's once-dominant influence on DOGE may be diminishing. Is this a sign of a more mature market, where hype alone no longer drives prices?

⚠️ Remember: Cryptocurrency investing is speculative, and your capital is at risk.

#DogecoinCommunity #ElonMusk #CryptoNewss #CryptoMarketTrend #BlockchainBulls