Elon Musk publicly warned former President Donald Trump to exercise caution in his Dogecoin tweets after Trump’s endorsements caused wild market swings, sparking a tense exchange that highlights the immense power and risks celebrities hold in influencing volatile cryptocurrency markets.

 

Donald Trump said Elon Musk may get a dose of his own medicine, suggesting that the former 'First Buddy' may have the Department of Government Efficiency turned on himself

 

In a surprising twist to the ongoing saga of cryptocurrency’s intersection with politics and celebrity influence, Elon Musk has publicly warned former President Donald Trump to “be careful” regarding his recent tweets about Dogecoin (DOGE), the meme-inspired cryptocurrency that Musk has championed for years.

This exchange, unfolding in the spotlight of a volatile crypto market, underscores the fragile and sometimes explosive relationship between billionaire figures whose words can sway millions and disrupt global financial dynamics.

The incident occurred in late June 2025, shortly after Trump, in a series of tweets, appeared to endorse Dogecoin as a potentially lucrative investment, while simultaneously criticizing other cryptocurrencies and financial institutions.

Trump’s messages, disseminated from his official social media channels, quickly triggered dramatic spikes and swings in DOGE’s market value, unsettling investors and drawing immediate responses from the crypto community.

 

The president was responding to Musk's day-long protest over the 'One Big, Beautiful Bill,' which Musk is using to stoke fears of launching a third party to take on Republicans and Democrats

 

Elon Musk, CEO of Tesla and SpaceX and a key influencer in the Dogecoin ecosystem, did not hold back. Taking to X (formerly Twitter), Musk cautioned Trump with a cryptic message: “Careful with the DOGE talk, you might just shake the whole market.”

The tweet, laden with subtext and urgency, was interpreted by many analysts as a veiled warning about the consequences of unregulated or impulsive crypto promotion by high-profile personalities.

This latest public interaction has added a new chapter to the complex narrative involving Musk, Trump, and Dogecoin—a coin that began as a joke in 2013 but rose to fame through Musk’s playful tweets, celebrity endorsements, and internet virality.

Over the past two years, Dogecoin has seen wild price surges and crashes, driven as much by social media buzz as by underlying technology or use cases.

Trump’s recent tweets reignited debates about the influence former politicians wield over financial markets. Experts caution that while endorsements can boost short-term enthusiasm, they often carry the risk of market manipulation accusations or unintended investor harm.

Some crypto regulators have already expressed concern over the growing trend of public figures tweeting about assets without disclosing their financial interests or intentions.

 

Trump (pictured left) turned the screws on Musk (pictured right), suggesting his time benefitting from the U.S. government could be over

 

In response to Musk’s warning, Trump tweeted back defiantly, “I’m just telling it like it is—DOGE is a winner.

The people love it, and the money’s flowing.” His message seemed designed to rally his supporters who have increasingly embraced cryptocurrency as part of a broader libertarian or anti-establishment ethos.

The tension between Musk and Trump also highlights their contrasting styles and stakes in the crypto world.

Musk, who has been both an advocate and a critic of cryptocurrencies, seeks to balance promotion with caution, emphasizing sustainable adoption and regulatory compliance.

Trump, meanwhile, approaches crypto from a more populist angle, often framing it as a tool to challenge established financial systems and elites.

Financial markets reacted swiftly to the exchange. Within hours of Trump’s tweets, Dogecoin’s price surged by nearly 15%, only to plunge back after Musk’s cautionary note, reflecting the unpredictable and reactive nature of crypto assets.

Traders and investors remain on edge, wary of further volatility prompted by the powerful voices involved.

This episode is not the first time Elon Musk and Donald Trump have clashed or collaborated in public discourse.

Musk’s relationship with Trump has oscillated from occasional praise to pointed criticism, particularly on issues like technology policy, climate change, and social media conduct.

 

 

Their latest interaction over Dogecoin adds a fresh layer of intrigue, suggesting that the crypto realm is yet another arena where these influential figures vie for control and narrative dominance.

Meanwhile, regulators worldwide are watching closely. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have previously investigated market manipulation concerns related to Dogecoin and social media influencers.

This high-profile public feud may reignite calls for clearer rules governing cryptocurrency endorsements and trading behavior.

The broader crypto community has taken note of the spectacle, with reactions ranging from amusement to anxiety. Some Dogecoin enthusiasts praised Trump’s bullish stance, seeing it as a boost for wider adoption.

Others sided with Musk’s warning, urging caution and highlighting the dangers of speculative bubbles fueled by celebrity hype rather than technological fundamentals.

 

Musk has not directly responded to Trump's post but has continued to rail against the bill

 

Industry insiders suggest that the dynamic between Trump and Musk around DOGE illustrates a larger cultural and economic clash unfolding in 2025.

As digital currencies move closer to mainstream acceptance, the role of influencers, politicians, and billionaires in shaping narratives and market movements becomes increasingly critical—and controversial.

Analysts also point to the implications for investor education and protection. “The volatility tied to social media-driven endorsements is a double-edged sword,” noted a financial commentator.

“While it democratizes access, it also exposes everyday investors to risks they may not fully understand, especially when figures like Trump and Musk exchange public barbs.”

Looking ahead, both Musk and Trump appear poised to continue influencing the crypto conversation. Musk’s ventures into blockchain and decentralized finance (DeFi) remain active, with Tesla recently announcing plans to accept DOGE for certain services.

Trump, meanwhile, has hinted at launching a digital currency project tied to his political brand, though details remain sparse.

The unfolding saga invites reflection on the power of words in an era where markets move at the speed of social media and digital tokens blur the lines between finance, technology, and entertainment.

Whether this latest Musk-Trump DOGE showdown leads to regulatory reforms, market stabilization, or further volatility remains to be seen—but one thing is clear: in the crypto world, the stakes are high, and the drama is just getting started.