Dogecoin DOGE experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets.News BackgroundDogecoin’s latest plunge comes against a backdrop of risk-off sentiment.Elon Musk — long known as a Dogecoin backer — said recently that the non-governmental Department of Government Efficiency (DOGE) would cease to exist as its work was deemed complete, cutting out a speculative catalyst that has oft impacted DOGE prices
source: https://www.coindesk.com/markets/2025/06/06/dogecoin-drops-as-much-as-12-amid-trump-musk-drama