Dogecoin (DOGE), long associated with Elon Musk, has experienced a significant downturn in 2025, losing over 51% of its value since January. This sharp decline raises concerns about Musk's continued involvement with the cryptocurrency.

長期以來與埃隆·馬斯克（Elon Musk）相關的Dogecoin（Doge）在2025年經歷了嚴重的衰退，自一月以來損失了其價值的51％以上。 這種急劇下降引起了人們對馬斯克繼續參與加密貨幣的擔憂。

Contents

內容

• Why Is Dogecoin Dropping? Over 50% Loss in 2025
• Musk’s Government Role: A Crisis for Dogecoin?
• Tesla’s Decline and Its Impact on DOGE
• Can Dogecoin Recover? Key Factors to Watch
• Is Musk Leaving Dogecoin Behind?
  

Why Is Dogecoin Dropping? Over 50% Loss in 2025

為什麼狗狗幣掉落？在2025年穆斯克的政府職位上，超過50％的損失是：狗狗幣的危機？特斯拉的衰落及其對狗狗狗的影響恢復？觀看麝香留下多黴素的關鍵因素？為什麼狗狗幣會掉落？ 2025年超過50％

Dogecoin reached its all-time high of $0.7316 in 2021, boosted by Musk's appearance on Saturday Night Live (SNL). However, 2025 presents a stark contrast. DOGE has plummeted 51% since the start of the year, falling from $0.35 in January to $0.17 by March 2025. This decline has also resulted in a 40% decrease in the number of Dogecoin millionaires. While broader market volatility, driven by geopolitical tensions and economic instability, has affected the cryptocurrency market, events related to Musk may be exacerbating Dogecoin's struggles.

Dogecoin在2021年的歷史最高售價為0.7316美元，這是由於Musk在《週六夜現場》（SNL）上的出現而推動的。 但是，2025年呈現出鮮明的對比。 自今年年初以來，Doge已下跌51％，從1月份的0.35美元下降到2025年3月的0.17美元。這種下降也導致Dogecoin Millionaires的數量減少了40％。儘管在地緣政治緊張局勢和經濟不穩定的推動下，更廣泛的市場波動影響了加密貨幣市場，但與Musk有關的事件可能會加劇Dogecoin的鬥爭。

Musk’s Government Role: A Crisis for Dogecoin?

馬斯克的政府角色：狗狗幣的危機？

Musk's relationship with Dogecoin has always been a subject of discussion. His 2025 appointment as head of the U.S. Department of Government Efficiency (DOGE) under the Trump administration—a coincidental acronym mirroring Dogecoin's name—has introduced new concerns. His cost-cutting measures, including massive layoffs followed by rehiring and controversial dismissals, have sparked controversy, lawsuits, and concerns about national security. Although unrelated to the cryptocurrency itself, the negative publicity surrounding the "DOGE" government department may have inadvertently eroded investor confidence in Dogecoin.

馬斯克與狗狗的關係一直是討論的主題。 他的2025年被任命為特朗普政府的美國政府效率部（DOGE）負責人，這是一個偶然的縮寫，反映了Dogecoin的名字 - 引入了新的問題。 他的削減成本措施，包括大規模裁員，然後重新裁員和有爭議的解僱，引發了爭議，訴訟和對國家安全的關注。 儘管與加密貨幣本身無關，但圍繞政府部門的負面宣傳可能會無意中侵蝕了投資者對Dogecoin的信心。

Tesla’s Decline and Its Impact on DOGE

特斯拉的衰落及其對總督的影響

Musk's leadership decisions have impacted not only Dogecoin but also Tesla's stock price, which has fallen by 41% since early 2025. His political stances and management style have unsettled investors, leading to increased protests and vandalism targeting Tesla vehicles. As Musk's political involvement deepens, some investors speculate that his focus on Dogecoin may be waning, contributing to its declining value.

馬斯克的領導決定不僅影響了狗狗幣，而且影響了特斯拉的股價，自2025年初以來，股價下跌了41％。他的政治立場和管理風格使投資者尚未確定，導致抗議活動增加，抗抗議力和破壞者針對特斯拉的車輛。 隨著馬斯克的政治參與加深，一些投資者推測，他對Dogecoin的關注可能正在減弱，這導致了其價值下降。

Can Dogecoin Recover? Key Factors to Watch

狗狗可以恢復嗎？觀看的關鍵因素

Crypto analysts suggest Dogecoin's recovery depends heavily on continued support from Musk. Several factors could potentially trigger a DOGE rally: breaking the $0.20 resistance level with strong buying pressure; a public endorsement from Musk reaffirming his commitment; or the integration of Dogecoin into Tesla or SpaceX payment systems.

加密分析師認為，Dogecoin的恢復在很大程度上取決於Musk的持續支持。 有幾個因素可能會引發道路集會：在強大的購買壓力下打破了0.20美元的阻力水平；馬斯克的公開認可重申了他的承諾；或將Dogecoin集成到特斯拉或SpaceX支付系統中。

Is Musk Leaving Dogecoin Behind?

麝香把狗狗幣留在後面嗎？

Dogecoin's recent crash might be linked to Musk's shifting priorities. His political involvement, Tesla's struggles, and the controversy surrounding the government department all contribute to the uncertainty surrounding the meme coin. Whether Musk will take steps to restore investor confidence remains a crucial question.

Dogecoin最近的崩潰可能與Musk的變化優先事項有關。 他的政治參與，特斯拉的鬥爭以及圍繞政府部門的爭議都導致了模因硬幣的不確定性。 馬斯克是否會採取措施恢復投資者的信心仍然是一個至關重要的問題。