Elon Musk Sounds Alarm on X—Will Dogecoin Feel the Shockwaves?

Musk says X needs major fixes—will this shift his focus away from crypto projects?

May 25, 2025 - 03:28
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Elon Musk Sounds Alarm on X—Will Dogecoin Feel the Shockwaves?

In a candid update, Elon Musk stated he must remain “super focused” on his core companies due to internal issues at X (formerly Twitter). He emphasized that the platform requires “major improvement,” hinting at organizational or performance-based shortcomings.

Why does this matter to crypto investors? Because Musk’s influence on digital assets—especially Dogecoin ($DOGE)—has been massive. Every time he tweets about DOGE or drops a meme, prices shift. If his focus shifts away from crypto-related activities, meme coins and speculative tokens may lose a significant driver of momentum.

Some analysts believe this could cool down short-term speculative plays tied to Musk, but others argue it might create space for more fundamentally sound projects to rise.

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NOTICE: The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.