Elon Musk Dismisses Rumors of His Departure from Tesla, Dogecoin Unaffected

Dogecoin Holds Firm as Elon Musk Denies Leaving Tesla, Dismissing Exit Rumors

Dogecoin (DOGE) remained resilient in the market following rumors that Tesla CEO Elon Musk might step down from his role, with prices largely unaffected by the speculation.

Reports had circulated suggesting that Tesla’s board was considering replacing Musk due to concerns about his outside commitments, particularly his involvement in various projects like SpaceX and Twitter. However, Musk quickly addressed the rumors, denying the claims in a post on X. “The report is absolutely false,” Musk wrote, further clarifying that he has no plans to leave Tesla.

Despite the fleeting nature of the rumor, the price of Dogecoin remained steady, fluctuating between 16 and 17 cents over the past 24 hours. This comes as no surprise to investors, given Musk’s continued support for the cryptocurrency, particularly through Tesla’s acceptance of Dogecoin for merchandise payments.

While the broader crypto market was experiencing volatility, Dogecoin appeared unaffected by the report, holding steady in its position as one of the top meme coins. Musk has often been a key figure influencing Dogecoin’s price, and his quick dismissal of the rumors was enough to quell any significant market movement.

The ongoing relationship between Musk and Dogecoin continues to attract attention, with many in the crypto community watching closely for any developments that might affect the coin’s future.