According to Fox News, Elon Musk stated he is confident that Dogecoin (DOGE) could help save $1 trillion as government cost cutting efforts continue. Musk's remarks have sparked renewed interest among traders, with DOGE's trading volume and volatility rising sharply following the report (source: Fox News, May 30, 2025). Market analysts note that Musk's endorsement historically leads to immediate price action and heightened speculation in the crypto sector, especially for meme coins. Traders should monitor DOGE price levels and whale activity closely for potential breakout opportunities in response to Musk's statements.