Within the last 48 hours, miners have unloaded above 65 million DOGE, adding to the selling pressure on the DOGE amidst the ongoing market volatility.

Once a major bullish catalyst for Dogecoin, Elon Musk's increasingly controversial role in the Trump administration may now be killing DOGE.

Elon Musk said he and his team at the Department of Government Efficiency (DOGE) are working 120 hours a week. “Our bureaucratic opponents optimistically work 40 hours a week,” he added. “That is why they are losing so fast.