@rosalindara6
Dogecoin (DOGE) skyrocketed 70% to $0.35 on April 5, 2025, after XPayments announced DOGE integration for peer-to-peer transactions. Elon Musk, a long-time DOGE advocate, tweeted support, fueling speculation of market manipulation. The surge aligns with Musk’s history—his 2021 tweets drove similar rallies. Trading volume hit $10 billion, with 500,000 new wallets created, per IntoTheBlock. However, Musk’s influence raises concerns: 60% of DOGE’s supply is held by whales, and past pumps have led to 40% corrections. While XPayments adds utility, DOGE’s fundamentals remain weak, with no major tech upgrades since 2023. Analysts predict a pullback to $0.20 by May if hype fades. Musk’s sway is undeniable, but DOGE’s long-term value hinges on broader adoption beyond his influence.
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