Elon Musk Exits Government Role but Reaffirms DOGE’s Growth Potential

Elon Musk has officially concluded his temporary role as a Special Government Employee in the Trump administration after reaching the statutory limit of 130 working days. Appointed in January 2025 to lead the Department of Government Efficiency (DOGE), Musk’s tenure was marked by a focus on reducing bureaucratic waste—a mission he asserts will continue even after his departure. Despite criticism of the administration’s fiscal policies, Musk remains optimistic about DOGE’s future, with its current price standing at 0.21876000 USDT. His involvement has historically influenced DOGE’s market performance, and his reaffirmation of its growth trajectory suggests continued bullish potential for the cryptocurrency. As of May 29, 2025, the crypto community watches closely for further developments tied to Musk’s influence and DOGE’s evolving role in both government and financial sectors.

Musk Exits Government Role but Reaffirms DOGE’s Growth Trajectory

Elon Musk has concluded his temporary position as a Special Government Employee in the TRUMP administration, having reached the statutory limit of 130 working days. Appointed to lead the Department of Government Efficiency (DOGE) in January 2025, Musk’s mandate focused on eliminating bureaucratic waste—a mission he claims will endure despite his departure.

Criticism of the administration’s fiscal policies, including a contentious spending bill, shadowed Musk’s final weeks. Yet he remains bullish on DOGE’s long-term adoption, framing it as an evolving "way of life" for governance. Legal constraints forced his exit by May’s end, though WHITE House officials explored extensions.

Dogecoin Faces Historically Bearish June as Price Trends Raise Concerns

Dogecoin’s recent performance defied expectations with back-to-back green monthly closes in April and May, but historical data suggests a grim outlook for June. The meme cryptocurrency has recorded losses in June for eight consecutive years since 2017, with an average decline of 15.8% during this period.

Only two instances of positive June performance exist in Dogecoin’s 11-year history—2015 and 2016—when the asset was still in its infancy. Recent years paint a consistent bearish picture: 2021 saw a 23.9% drop, 2022 a 23.3% decline, and 2023 a 7.18% retreat. The pattern suggests macroeconomic factors or market psychology may create recurring sell pressure during this period.

This historical trend emerges as Dogecoin shows unusual resilience in May, traditionally a weak month for cryptocurrencies. The contradiction between recent strength and seasonal weakness sets up a critical test for the meme coin’s market structure.