According to Fox News, Elon Musk's official involvement with Trump's DOGE initiative has ended, but his political influence continues to shape market sentiment as the 2025 midterm elections approach (Fox News, May 30, 2025). For crypto traders, the conclusion of Musk's formal role could reduce Dogecoin’s short-term volatility, yet ongoing political engagement may still drive speculative trading around DOGE and related meme coins. Market participants should monitor both Musk’s public statements and evolving political narratives, as these remain key catalysts for crypto price swings according to 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.