Musk regrets it, Dogecoin rises 6%

Content Summary:

• Elon Musk expressed regret for some of his recent posts attacking President Trump.

• He deleted his comments about Trump's connection to Jeffrey Epstein and that Trump could not have won the election without his support.

• Trump warned Musk that he would face "serious consequences" if he supported the Democrats.

On Tuesday night, Elon Musk admitted on X-platform that his recent posts about President Trump had gone too far. He briefly updated: "I regret some of my posts last week about President Trump. Those comments were indeed too much."

The storm stems from the public confrontation between the two men for nearly a week. It started with Musk's claim that Trump appeared in Jeffrey Epstein's documents and ended with threats from the White House. The regrets Musk mentioned involved two posts he deleted earlier this week: one saying that Trump was related to Epstein's documents that have not yet been declassified; the other said that Trump could not win re-election without his support.

Both posts were deleted, replaced by a standard error page on Platform X: "Hmm... that page doesn't exist. Try searching for something else." Musk didn't explain why the deletions were made, but the consequences were swift.

Trump warns of consequences for supporting Democrats

Things escalated quickly. On Thursday, Musk responded to a post calling for Trump's impeachment and replacement with Vice President J.D. Vance, saying "I agree," but that post was also deleted. As of Saturday, the only thing left of Musk's week-long rant was the post expressing regret.

In a telephone interview with NBC News, Trump warned Musk that he would face consequences if he supported Democrats in future elections. "If he does that, there will be a price to pay for it, very serious consequences," he told reporter Kristen Wilke. Trump did not specify what the consequences would be. He also said that he had completely broken with Musk: "I gave him many opportunities, long before this happened. In my first administration, I gave him a lot of support and even saved his career." He added, "I don't plan to talk to him again." When asked if the relationship between the two was over, Trump replied: "I think so." He also accused Musk of "disrespecting the presidency."

J.D. Vance calls Musk 'emotional'

On Friday, Vice President J.D. Vance responded to Musk's attack on the "This Past Weekend" podcast, trying to ease tensions. "I think Elon Musk made a big mistake," he said, describing Musk as an "emotional person" who lost control due to frustration. Vance's tone was more forgiving, but the message was clear: Musk's behavior crossed a line.

Just less than two weeks ago, Trump and Musk had publicly praised each other. At the time, Musk had just led the government efficiency department created by Trump to focus on cutting federal spending. The two worked closely together, attracting the attention of investors who follow Musk's businesses. Now, that alliance appears to have been completely broken.

According to CNBC, the escalation stems from Musk's opposition to Trump's new legislative proposal, widely known as the "Giant Act." Musk criticized the bill for ignoring policies he supports. The White House hit back through Trump's press secretary Carolyn Levitt, who told CNN: "Musk is unhappy with the "Giant Act" because it does not include the policies he wants, which is an unfortunate event."

This week of chaos has sparked speculation about the potential impact on Musk's companies, especially Tesla and SpaceX. Both companies benefited greatly from Trump's first term. Musk's role in the administration has helped shape technology and budget-related policies. Now, as partnerships break down and public disputes intensify, investors are closely watching developments.

Musk regrets, Dogecoin surges 6%

Musk's apology not only caused a political storm, but also set off waves in the cryptocurrency market. Dogecoin (Dogecoin) surged 6% due to the news and once again became the focus of the market. According to the latest data, the price of Dogecoin rose from yesterday's $0.1909 to about $0.2031, the total market value climbed to $30.39 billion, and the 24-hour trading volume surged to $1.57 billion. The significant increase in trading volume indicates that market activity has intensified, but the identity of the buyer seems a bit mysterious.

CryptoQuant's analysis pointed out that Dogecoin's previous price highs were usually accompanied by high-frequency trading patterns of "ant investors" (small individual retail traders), but this rise did not show this feature. The recent price bottom (green area) has low trading volume, indicating that the market may be in a consolidation phase, while the "red area" representing retail enthusiasm near the high point is clearly missing. This raises a key question: If it is not retail investors who are driving the craze, then who is behind it?