Musk Exits DOGE, Clashes With Trump—Dogecoin Gets Caught In The Crossfire

Dogecoin took a hard hit this week as tensions flared between Elon Musk and US President Donald Trump. Prices slid sharply, and red numbers dominated the market. Traders who had been riding the hype found themselves on the losing end. It was a week many will remember for how politics and memes intersected in unexpected ways. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Musk And Trump Clash According to public posts, Elon Musk officially left the Department of Government Efficiency (DOGE) on Thursday. That move came after he criticized Trump’s spending bill. He had been co-leading that department since late 2024. Their back-and-forth heated up after Trump said he was “very disappointed” in Musk.

Jun 7, 2025 - 03:10

Musk Exits DOGE, Clashes With Trump—Dogecoin Gets Caught In The Crossfire

Dogecoin took a hard hit this week as tensions flared between Elon Musk and US President Donald Trump. Prices slid sharply, and red numbers dominated the market.

Traders who had been riding the hype found themselves on the losing end. It was a week many will remember for how politics and memes intersected in unexpected ways.

Musk And Trump Clash

According to public posts, Elon Musk officially left the Department of Government Efficiency (DOGE) on Thursday. That move came after he criticized Trump’s spending bill.

He had been co-leading that department since late 2024. Their back-and-forth heated up after Trump said he was “very disappointed” in Musk.