Elon Musk, the meme-master behind Dogecoin, caused quite a stir over the weekend by clarifying his non-involvement in crypto. During a pro-Trump rally in Pennsylvania, Musk said he’s not really in the crypto game. Sure, he loves Dogecoin, but only for its jokes, memes, and the dogs. There’s no hidden agenda behind his tweets, he says.
Asked if he’d put blockchain into the government system, Musk simply brushed it off. He made clear he’s not steering any real crypto policy or tech revolution. His only “investment” is in meme-fueled fun, not crypto innovation.
DOGE Jokes and Political Puzzles
At the rally, Musk endorsed Trump for the next presidential run. The real kicker? Rumors swirling about a potential D.O.G.E. (Department of Governmental Efficiency) commission if Trump wins. Musk might lead this fictional commission if Trump gets the White House gig. But, as usual, Musk downplayed everything except Dogecoin, making it clear he just loves the meme coin’s sense of humor.
He said, “I’m actually not actively involved in crypto. I make Dogecoin jokes and stuff because I just kind of like Dogecoin.” So, it’s clear. Musk’s relationship with Dogecoin is not about serious blockchain or decentralized finance ambitions.
Dogecoin Rockets, Investors Chase the Meme
Even with Musk’s hands-off stance, Dogecoin rocketed upwards again. The coin surged 22% in the last week alone, trading above $0.14—nowhere near its 2021 all-time high of $0.73, but still impressive. Musk’s random jokes, tweets, and comments at the rally fueled the spike, but investors know they’re chasing a meme, not a strategy.
Interestingly, Musk tweeted “D.O.G.E. will fix it” last week. Naturally, the crowd ran with that. The market saw his words as a subtle nudge, pushing Dogecoin even higher. Investors think Musk’s meme addiction is good enough to hold their attention for now, even if the coin is still a joke.
While Trump seems serious about crypto, Musk? He’s just here for the laughs.
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