Musk's "Resignation" Ignites Dogecoin! Surges 19% in 24 Hours, Is This the Final Frenzy?

Dogecoin has exploded again! Musk suddenly announced his "exit" from a virtual department with a name that sounds like DOGE, and within just 24 hours, DOGE's market value skyrocketed to over 35 billion USD, surging 19%, sending the market into a frenzy!

What triggered the event? At the end of May, Musk suddenly decided to "give up", claiming he had no time for government affairs and wanted to fully return to Tesla and Starlink. A statement of "the White House has nothing to do with me" instantly ignited the market. That mysterious department was early on linked with DOGE, and with the official logo being a Shiba Inu, investors took it as good news and rushed in.

But hold on, behind the frenzy lurk three major landmines:

Musk's position is flip-flopping: from "currency of the future" to "a complete scam", a slight misstep could cause the coin's price to plummet.

Regulators are watching: an investigation into unusual trading has been initiated, and once insider trading is uncovered, the higher it goes, the harder it may fall.

Dogecoin lacks fundamentals: it relies purely on emotions, surging when stated and diving when prompted.

Looking at Trump, on one hand, he's signing bills to support cryptocurrencies, while on the other, his son is secretly dumping coins and considering tax hikes… Can retail investors handle this play?

Final reminder: Don't act impulsively, don't chase high prices. Hot money retreats the fastest, preserving your principal is the true way to wealth. Getting rich in the crypto world relies on timing, not blind following.