Dogecoin (Doge), which has been identified with Elon Musk for years in the crypto currency world, has a harsh decline in 2025. Investors are worried about the loss of 51 %since January. The biggest question is: Does Elon Musk withdraw his support for Dogecoin?

Dgecoin experienced great rise with every statement after Musk announced in 2019 as a favorite crypto currency. However, in recent months, the steps of Musk may pose a great risk for Doge. As Kriptokoin.com, we examine the details showing why Dogecoin has crashed and whether Elon Musk has really a role in this collapse!

Why does the dogecoin price fall? More than 50 %loss in 2025!

Dgecoin reached the highest level of all time with $ 0.7316 after Elon Musk’s on Saturday Night Live (SNL) program in 2021. However, the year 2025 draws the opposite picture for Doge.

• Doge has lost 51 %since the beginning of 2025!
• The price, which is $ 0.35 in January, fell to $ 0.17 as of March 2025!
• The number of investors with Dogecoin millionaire decreased by 40 %!

The fluctuation of the market due to trade wars and macroeconomic uncertainties of the Trump administration in general caused Dogecoin to decline. However, there may be other reasons behind Doge’s such harsh decline.

Elon Musk’s connection with Doge: Is the big crisis coming?

Musk’s interest in Dogecoin was always controversial. However, in 2025, the head of a state institution called “Dogge de in the United States in the United States pushed Dogecoin investors panic. Elon Musk took over the “Department of Government Effeciency (DOGE), which under the Trump rule. This institution aims to reduce the US state expenditures and close the budget deficit.

However, the aggressive interruptions initiated by Musk caused great controversy:

• Many state employees were dismissed and then taken back!
• The dismissal of nuclear engineers suddenly caused great security concerns!
• The government was sued because of Musk’s savings policies!

Although these events do not have a direct connection with Dogecoin, the fact that a state institution called Dogge came to the agenda with scandals may be shaking the trust of the investor.

How do Tesla and Musk’s decisions affect Dogecoin?

Some of Elon Musk’s recent decisions have greatly affected not only Dogecoin, but also Tesla.

• Tesla shares have lost 41 %since the beginning of 2025!
• Musk’s political stance and management style, Tesla investors also panic!
• Protests and vandalism events for Tesla vehicles increased in the USA!

The fact that Musk’s more involved in political debates may have caused both Tesla and Dogecoin to depreciate. Investors think that Musk’s interest in Doge in this period has decreased.

What does the future show for Dogecoin?

Crypto analysts say that Musk should make statements that support Dogge for the recovery of Dogecoin. There are several critical factors for the re -rise of Doge:

• A great support is required to exceed the level of 0.20 dollars!
• Elon Musk’s positive statement about Dogecoin can withdraw the price!
• The announcement of a new integration of Tesla or SpaceX about Dogecoin can start a big rally!

Dogecoin investors think that Musk’s support for Doge is currently reduced. However, if Musk gives Dogecoin a new area of ​​use, Dogge may rise again.

Does Elon leave Musk Dogecoin?

The great collapse of the Dogge price may be linked to the political and economic moves of Elon Musk. The fact that Dogecoin’s head to a department with the same name as the government, controversial policies and Tesla’s harsh decline adversely affect the trust in Doge.

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