Dogecoin has tumbled since Tuesday morning as the conflict between Elon Musk and Donald Trump over the budget bill escalated.

Elon Musk, the man behind Tesla, SpaceX, and X (what we used to call Twitter), has openly said he owns three kinds of crypto: Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Whenever he talks about them, their prices go wild, but nobody knows exactly how much he has, which keeps the market guessing.

President Donald Trump threatened to cut Elon Musk’s government contracts as their fractured alliance rapidly escalated into a public feud Thursday.

Dogecoin DOGE $0.17603 experienced a dramatic 12.5% decline over the past 24 hours, plunging from 19 cents to 16 cents as tensions between President Donald Trump and technology entrepreneur Elon Musk weighed down on crypto markets. Dogecoin’s latest plunge comes against a backdrop of risk-off sentiment.

Dogecoin tanked 10% today, with its weeklong losses now sitting at 22%, after Elon Musk officially walked away from Donald Trump’s administration and cut ties