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.

根据Finbold的3月31日报告，埃隆·马斯克（Elon Musk）与政府效率部（DOGE）的参与恰恰是Dogecoin（Doge）百万富翁地址下降了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，由于与唐纳德·特朗普总统的贸易顾问皮特·纳瓦罗（Pete Navarro）的关税争夺，宣布宣布题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发现，马斯克的预期退出导致了183家新的Doge Milmitaires的出现 - 与4月8日相比，埃隆·马斯克（Elon Musk），特朗普政府和他们在政府联合政府努力之间的紧张局势与大道相比，增长了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.

具体而言，自最初报告的争议以来，持有100万美元至999万美元之间的地址数量从1,082增加到1,223个，而价值1000万美元或更多的人数从195升至237。

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

马斯克如何参与Doge受影响的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.

与3月31日和4月8日的比较表明，最初的Doge百万富翁总数从1,366降至1,277，然后增加到1,460，这表明该方向并非完全稳定。

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，这一时期还看到了Dogecoin的加密货币市场表现发生了巨大变化。在3月31日至4月8日之间，Doge的价格从0.167美元下降到0.142美元的低点，而Meme Coin的市值从约240亿美元下降到约197亿美元。

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日的新闻发布时间之间，Dogecoin的价格上涨了27.46％，至0.181美元，而加密货币的市值增加了约71亿美元，因为它上升到不到270亿美元。

Elon Musk’s historical impact on Dogecoin

埃隆·马斯克（Elon Musk）对狗狗的历史影响

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·马斯克（Elon Musk）的历史影响无法被驳回，因为这位亿万富翁一直是主要价格波动的相对定期触发因素，因为他首先将Dogecoin描述为他最喜欢的加密货币。

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.

同样，南非加拿大亿万富翁对与他紧密相关的资产所产生的影响得到了特斯拉（NASDAQ：TSLA）在股票市场和商业方面所面临的问题的充分证明。

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日发布的一份报告中表明，2025年的第一季度（第1季度）的电动汽车（EV）制造商的同比同比增长了37.2％（YOY）在欧洲的销售下降，马斯克有争议的政治参与可能是令人失望的人数的驱动力。

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.

确实，在国际上，亿万富翁在认可分裂的政党方面提出了争议。在美国，使用人工智能（AI）监督政府雇员对反特朗普情绪的指控只是使他批准的许多行动中的一些。

Elon Musk’s 2025 impact on Dogecoin

埃隆·马斯克（Elon Musk）的2025年对狗狗的影响

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.

就狗狗币而言，情况并不清楚。不仅模因硬币的价格明显高于百万富翁地址的数量，而且其他因素，例如最新的全面集会和加密货币与黄金的相关性不断增加，这是2025年最出色的投资之一。

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.

尽管如此，很难错过所谓的马斯克 - 特朗普争端标志着狗狗币的低点，从那以后的道路一直是压倒性的。