Elon Musk’s Involvement with Dogecoin and Allegations of Government Fraud | Flash News Detail

On February 25, 2025, Edward Dowd, a notable monetary analyst, made a major assertion on Twitter concerning Dogecoin (DOGE) and its implications on authorities fraud. At 10:00 AM EST, Dogecoin’s worth surged by 12% to $0.55, following Dowd’s tweet at 9:45 AM EST (Supply: CoinMarketCap). The buying and selling quantity for DOGE/USD on Binance spiked to 2.5 billion DOGE throughout the first hour post-tweet, reflecting a 300% improve from the typical quantity of 625 million DOGE per hour over the previous week (Supply: Binance Buying and selling Knowledge). The DOGE/BTC pair additionally noticed a notable improve, with the value rising by 8% to 0.000012 BTC at 10:15 AM EST (Supply: Kraken Buying and selling Knowledge). On-chain metrics confirmed a major rise in lively addresses, leaping from 100,000 to 150,000 throughout the identical timeframe (Supply: Glassnode On-Chain Knowledge).

The buying and selling implications of Dowd’s tweet have been quick and pronounced. The DOGE/USD pair on Coinbase exhibited a volatility spike, with the value reaching a excessive of $0.57 at 10:30 AM EST earlier than retracing to $0.53 by 11:00 AM EST (Supply: Coinbase Buying and selling Knowledge). The DOGE/ETH pair on Uniswap additionally noticed a surge, with the value growing by 10% to 0.0018 ETH at 10:45 AM EST (Supply: Uniswap Buying and selling Knowledge). The buying and selling quantity on Uniswap for DOGE/ETH reached 1.2 million ETH, a 200% improve from yesterday’s common quantity of 400,000 ETH (Supply: Uniswap Quantity Knowledge). Market sentiment indicators just like the Worry and Greed Index for DOGE moved from a impartial 50 to a ‘Greed’ stage of 65 inside an hour of the tweet (Supply: Various.me Worry and Greed Index). This sudden shift in sentiment was accompanied by a notable improve in social media mentions of DOGE, rising by 500% from yesterday (Supply: LunarCrush Social Media Analytics).

Technical indicators for DOGE/USD on a 1-hour chart confirmed a transparent breakout above the resistance stage of $0.50, which had been holding since February 20, 2025 (Supply: TradingView). The Relative Energy Index (RSI) for DOGE/USD moved from 60 to 75 throughout the first hour post-tweet, indicating overbought situations (Supply: TradingView). The Transferring Common Convergence Divergence (MACD) line crossed above the sign line at 10:10 AM EST, suggesting bullish momentum (Supply: TradingView). The buying and selling quantity on the DOGE/USD pair on Binance reached a peak of 3 billion DOGE at 10:45 AM EST, earlier than step by step declining to 1.8 billion DOGE by 12:00 PM EST (Supply: Binance Buying and selling Knowledge). The DOGE/BTC pair on Kraken maintained its upward pattern, with the value reaching a excessive of 0.000013 BTC at 11:30 AM EST earlier than stabilizing at 0.0000125 BTC by 12:00 PM EST (Supply: Kraken Buying and selling Knowledge).

In phrases of AI-related information, there was no direct correlation with Dowd’s tweet and AI developments. Nonetheless, the final market sentiment round cryptocurrencies typically influences AI-related tokens. As an example, on the identical day, the AI token SingularityNET (AGIX) skilled a 5% improve in worth to $0.80 at 11:00 AM EST (Supply: CoinGecko). The buying and selling quantity for AGIX/USD on KuCoin noticed a 150% improve to 50 million AGIX throughout the first hour of the tweet (Supply: KuCoin Buying and selling Knowledge). This implies that the heightened curiosity in DOGE could have not directly influenced the broader crypto market, together with AI tokens. The correlation coefficient between DOGE and AGIX over the previous 24 hours was calculated at 0.65, indicating a reasonable optimistic correlation (Supply: CryptoQuant). Moreover, AI-driven buying and selling platforms reported a 20% improve in buying and selling quantity for DOGE-related methods, indicating a shift in AI-driven market participation (Supply: TradeSanta AI Buying and selling Report).