Elon Musk's involvement with the Department of Government Efficiency (D.O.G.E.) coincided with a 40% decline in the number of Dogecoin (DOGE) millionaire addresses, according to a March 31 report by Finbold.

根據Finbold的3月31日報告，埃隆·馬斯克（Elon Musk）與政府效率部（DOGE）的參與恰恰是Dogecoin（Doge）百萬富翁地址下降了40％。

However, on April 8, a process was initiated that culminated in the businessman announcing the winding down of D.O.G.E. involvement, due to a tariff spat with Pete Navarro, President Donald Trump’s trade advisor.

但是，在4月8日，由於與唐納德·特朗普總統的貿易顧問皮特·納瓦羅（Pete Navarro）的關稅爭奪，宣布宣布題材的商人宣布了大家的介入。

By April 25, Finbold Research had found that Musk's anticipated exit led to the emergence of 183 new DOGE millionaires – a 14.33% increase compared to April 8, the starting date of mounting tensions between Elon Musk, the Trump administration, and their joint government efforts via D.O.G.E.

到4月25日，Finbold Research發現，馬斯克的預期退出導致了183家新的Doge Milmitaires的出現 - 與4月8日相比，埃隆·馬斯克（Elon Musk），特朗普政府和他們在政府聯合政府努力之間的緊張局勢與大道相比，增長了14.33％。

Specifically, the number of addresses holding between $1 million and $9.99 million worth of Dogecoin increased from 1,082 to 1,223 since the initial reported dispute, while the number of those worth $10 million or more rose by 21.54% from 195 to 237.

具體而言，自最初報告的爭議以來，持有100萬美元至999萬美元之間的地址數量從1,082增加到1,223個，而價值1000萬美元或更多的人數從195升至237。

How Musk’s involvement with D.O.G.E. impacted DOGE

馬斯克如何參與Doge受影響的Doge

The comparison with both March 31 and April 8 demonstrates that the total number of DOGE millionaires first dropped from 1,366 to 1,277 and then increased to 1,460, demonstrating that the direction hasn’t been entirely steady.

與3月31日和4月8日的比較表明，最初的Doge百萬富翁總數從1,366降至1,277，然後增加到1,460，這表明該方向並非完全穩定。

Nottably, the period also saw a dramatic change in Dogecoin’s cryptocurrency market performance. Between March 31 and April 8, DOGE’s price dropped from $0.167 to a low of $0.142, and the meme coin’s market capitalization plunged from approximately $24 billion to about $19.7 billion.

值得注意的是，這一時期還看到了Dogecoin的加密貨幣市場表現發生了巨大變化。在3月31日至4月8日之間，Doge的價格從0.167美元下降到0.142美元的低點，而Meme Coin的市值從約240億美元下降到約197億美元。

Between April 8 and press time on April 25, however, Dogecoin’s price rallied 27.46% to $0.181, and the cryptocurrency’s market cap increased by some $7.1 billion as it climbed to just under $27 billion.

但是，在4月8日至4月25日的新聞發佈時間之間，Dogecoin的價格上漲了27.46％，至0.181美元，而加密貨幣的市值增加了約71億美元，因為它上升到不到270億美元。

Elon Musk’s historical impact on Dogecoin

埃隆·馬斯克（Elon Musk）對狗狗的歷史影響

Elon Musk’s historical impact cannot be dismissed, as the billionaire has served as a relatively regular trigger for major price swings since he first described Dogecoin as his favorite such cryptocurrency.

埃隆·馬斯克（Elon Musk）的歷史影響無法被駁回，因為這位億萬富翁一直是主要價格波動的相對定期觸發因素，因為他首先將Dogecoin描述為他最喜歡的加密貨幣。

Similarly, the impact the South African-Canadian-American billionaire has had on assets closely associated with him is amply demonstrated by the issues Tesla (NASDAQ:TSLA) has faced in the stock market and on the business side.

同樣，南非加拿大億萬富翁對與他緊密相關的資產所產生的影響得到了特斯拉（NASDAQ：TSLA）在股票市場和商業方面所面臨的問題的充分證明。

In a report published on April 24, Finbold research revealed that the first quarter (Q1) of 2025 has been especially weak for the electric vehicle (EV) maker is witnessed a 37.2% year-over-year (YoY) drop in sales in Europe, with Musk's controversial political engagements being a likely driver for the disappointing numbers.

Finbold Research在4月24日發布的一份報告中表明，2025年的第一季度（第1季度）的電動汽車（EV）製造商的同比同比增長了37.2％（YOY）在歐洲的銷售下降，馬斯克有爭議的政治參與可能是令人失望的人數的驅動力。

Indeed, internationally, the billionaire has courted controversy, for example, by endorsing divisive political parties. In the U.S., allegations of monitoring government employees for anti-Trump sentiment using artificial intelligence (AI) have been just some of the many actions that have cost him approval.

確實，在國際上，億萬富翁在認可分裂的政黨方面提出了爭議。在美國，使用人工智能（AI）監督政府僱員對反特朗普情緒的指控只是使他批准的許多行動中的一些。

Elon Musk’s 2025 impact on Dogecoin

埃隆·馬斯克（Elon Musk）的2025年對狗狗的影響

In the case of Dogecoin, the situation isn’t as clear. Not only has the price of the meme coin increased significantly more than the number of millionaire addresses, but other factors such as the latest across-the-board rally and cryptocurrencies’ increasing correlation with gold, one of 2025’s best-performing investments, are also in play.

就狗狗幣而言，情況並不清楚。不僅模因硬幣的價格明顯高於百萬富翁地址的數量，而且其他因素，例如最新的全面集會和加密貨幣與黃金的相關性不斷增加，這是2025年最出色的投資之一。

Nonetheless, it is difficult to miss that the alleged Musk-Trump dispute marked a low point for Dogecoin, and the road has been overwhelmingly positive since then.

儘管如此，很難錯過所謂的馬斯克 - 特朗普爭端標誌著狗狗幣的低點，從那以後的道路一直是壓倒性的。