Elon Musk "Dogecoin Officer" dismissed, is DOGE losing its favor?

In fact, Musk's resignation is not surprising. This tech tycoon has already been hinting in various interviews recently:
The Washington Post reported that he is "too tired"; in an interview with CBS, he described the bureaucracy as "worse than expected"; he directly criticized Trump's tax cut plan, stating, "This is not reform, this is waste."
The White House's stance is also clear: the DOGE project was originally a short-term appointment, set to expire in 130 days, with no renewal.
But what really makes the market feel uneasy is that the imagination space for DOGE is closing.
You may not care whether Musk "really did anything," but you cannot deny: the naming of this project and Musk's involvement have formed the biggest narrative pivot for DOGE in the past few months.
Now that this point is gone, the speculative logic should also be clear.

Can it still "talk" big after Musk steps down?
It is worth noting that 12 hours after Musk's departure, the price of DOGE has basically not changed, remaining between 0.224 and 0.227.
This means that it is neither a good thing nor a bad thing.
This is the hesitation of speculators: they know that Musk is stubborn, but they are also afraid that he will really give up. After all, in recent years, DOGE's maximum market value once surpassed 10 billion, but what about the fundamentals? Payment scenarios? User growth? Development progress? — None of them can be mentioned, all relying on "talk".
A meme coin that skyrocketed because its name is the same as a government agency; an official who only saved 8.5% of the target budget during their term became the "savior of the crypto world";
You think you are betting on Musk, but in fact, you are betting on how ridiculous a thing you are willing to believe. The end of this political miracle of DOGE may signal a cooling down of the entire crypto meme era.