According to Fox News on Twitter, the @realDonaldRump administration has officially bid farewell to @elonmusk, who had been leading @DOGE for several months while implementing significant reductions in government spending. This leadership transition may impact Dogecoin trading volumes and market sentiment, as Musk's direct involvement has historically been linked to notable price fluctuations and increased investor attention (source: Fox News Twitter, May 31, 2025). Crypto traders should monitor DOGE closely for volatility and potential shifts in market direction following this high-profile exit.