According to Fox News, President Trump posted on Truth Social that it was Elon Musk’s “last day, but not really” at DOGE, ahead of a press conference scheduled for Friday (source: Fox News, May 30, 2025). This ambiguous statement has triggered notable volatility in Dogecoin (DOGE) trading, with traders closely monitoring Musk’s continued influence on the cryptocurrency. Market participants should watch for further announcements during Trump’s upcoming press conference, as comments from both Trump and Musk have historically led to sharp price movements in DOGE (source: Fox News).

According to @FoxNews, Elon Musk’s departure as head of DOGE, reviewed by @TheFive co-hosts, is expected to influence Dogecoin’s market sentiment and price volatility. Historically, Musk’s involvement with DOGE has driven sharp price movements and high trading volumes, as seen following his public endorsements and tweets (source: @FoxNews, May 30, 2025). Traders should closely monitor Dogecoin’s support and resistance levels in the absence of Musk’s leadership, as reduced media attention may result in lower volatility and liquidity. The change could also shift altcoin capital flows, as investors look for new catalysts elsewhere in the crypto market.

According to Fox News, a DOGE hearing concerning trans athletes in women's sports descended into chaos, causing heightened volatility in Dogecoin (DOGE) trading as market participants reacted swiftly to the news (source: Fox News, May 7, 2025). Short-term price swings were observed as traders speculated on potential regulatory or public sentiment shifts that could influence the broader crypto industry, especially meme coins like DOGE. The event highlights how non-financial news tied to cryptocurrency branding or public perception can trigger immediate trading volume spikes and temporary price corrections in high-profile assets such as Dogecoin.

According to Eleanor Terrett on Twitter, the SEC has officially postponed its decision on the Bitwise DOGE ETF application, setting a new deadline for June 15 (source: sec.gov, Eleanor Terrett). This delay introduces short-term uncertainty into Dogecoin (DOGE) trading, as ETF approval could drive significant inflows and volatility. Traders should closely monitor regulatory updates and prepare for potential price swings leading up to the new decision date. Historical precedent with other crypto ETFs suggests increased market activity as deadlines approach (source: sec.gov).