A Shift Back to Crypto

Elon Musk’s Post-DOGE Ventures

By Dr. Cliff Potts, Editor-in-Chief, WPS.News

June 30, 2025 | 1730 EDT

Austin, Tx — Elon Musk’s departure from the Department of Government Efficiency (DOGE) in May 2025 marked a pivotal shift, redirecting his focus from bureaucratic reform to his entrepreneurial roots. After a tumultuous 130-day tenure as a special government employee, Musk’s exit followed a public feud with President Donald Trump, which sent shockwaves through financial markets, notably impacting Dogecoin’s value. Now, Musk is actively steering his energies toward X’s transformation into an “everything app” and reigniting speculation about his influence on the meme-based cryptocurrency. This article examines Musk’s recent activities with a critical lens, questioning the implications of his moves while highlighting his undeniable impact on innovation and markets.

Musk’s resignation from DOGE, announced on May 30, 2025, came amid policy disputes and a fallout with Trump, who threatened to cancel $22 billion in SpaceX contracts (Decrypt, 2025). His apology to Trump on June 11 briefly stabilized Dogecoin’s price, which surged 12% after the announcement, reflecting Musk’s enduring sway over the cryptocurrency’s market (Fortune, 2025). However, Dogecoin’s volatility—plummeting 59% from its 52-week high—raises questions about its reliance on Musk’s social media presence rather than intrinsic value (The Motley Fool, 2025). Critics argue that Musk’s influence creates speculative bubbles, with one analyst noting, “DOGE’s price is tethered to Musk’s whims, not fundamentals” (CoinCentral, 2025). This skepticism is warranted, given Dogecoin’s lack of utility compared to established cryptocurrencies like Bitcoin.

Post-DOGE, Musk is actively pushing X toward becoming a WeChat-style platform, with plans to integrate trading and payment systems. X CEO Linda Yaccarino confirmed in-app investing features are imminent, though no mention of Dogecoin integration surfaced, raising doubts about Musk’s commitment to the meme coin (Decrypt, 2025). Analysts speculate that Musk’s renewed focus on X could spark another Dogecoin rally if he resumes his characteristic “meme-making prowess” (Bitcoinist, 2025). Yet, the absence of concrete plans for cryptocurrency integration suggests Musk’s priorities may lie elsewhere, possibly in stabilizing Tesla and SpaceX amid activist backlash and stock volatility (Fox News, 2025).

Musk’s return to SpaceX’s Starbase facility underscores his focus on innovation, particularly the Starship program, critical to NASA’s lunar ambitions and Musk’s Mars vision (The Washington Post, 2025). His reflective tone in recent interviews, coupled with a pledge to reduce political spending, signals a strategic retreat from Washington’s chaos to his technological strongholds (NPR, 2025). However, DOGE’s lingering influence, with over 100 Musk allies embedded in federal agencies, suggests his policy impact may persist, raising concerns about unchecked corporate influence in government (ProPublica, 2025).

Musk’s post-DOGE trajectory reveals a complex figure: a visionary capable of moving markets with a single post, yet one whose influence invites scrutiny for its volatility. As he pivots to X and SpaceX, the question remains whether Musk’s Dogecoin endorsements are calculated hype or genuine belief in its potential. Investors and observers must approach his actions with cautious optimism, recognizing his genius while questioning the sustainability of his market-moving antics.

References
Bitcoinist. (2025, June 20). Dogecoin Revival? Musk’s X Set To Launch Trading Features. https://bitcoinist.com
CoinCentral. (2025, June 22). Will Trump vs Elon Musk Feud Kill Dogecoin for Good? https://coincentral.com
Decrypt. (2025, June 11). Musk-Trump Truce Sends Dogecoin Skyward. https://decrypt.co
Decrypt. (2025, June 19). Musk’s X to Debut Trading and Payment System. https://decrypt.co
Fortune. (2025, June 11). Dogecoin rebounds as Elon Musk backs down from feud with Trump. https://fortune.com
Fox News. (2025, May 28). Elon Musk officially steps down from role at DOGE. https://www.foxnews.com
NPR. (2025, May 30). Elon Musk is leaving the Department of Government Efficiency effort. https://www.npr.org
ProPublica. (2025, June 10). The DOGE 100: Musk Is Out, but More Than 100 of His Followers Remain. https://www.propublica.org
The Motley Fool. (2025, June 3). Elon Musk Has Left the White House—Should Dogecoin Investors Run? https://www.fool.com
The Washington Post. (2025, May 27). Elon Musk, back at SpaceX, says DOGE repercussions were severe. https://www.washingtonpost.com