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Elon Musk’s D.O.G.E. Move Triggers 40% Crash in Dogecoin Millionaires
In a recent move, Elon Musk launched the D.O.G.E. website, which is a community-driven platform aimed at promoting dog-related content and activities. The move has sparked significant controversy, with many investors questioning the true intentions behind the launch.
As a result of the backlash, Dogecoin’s price has crashed by 40% in just a few days. This sudden decline in value is largely attributed to investor sentiment shifting in response to Musk’s actions.
It is crucial to note that regulatory pressures have already weakened investor appetite for speculative coins like Dogecoin.
Source: https://coinchapter.com/elon-musks-d-o-g-e-move-triggers-40-crash-in-dogecoin-millionaires/
