Dogecoin Prices Steady as Musk Denies CEO Departure Rumors

Dogecoin (DOGE) Price Stability

DOGE prices remained stable, fluctuating between 16-17 cents.
This stability aligns with a flat market trend.
Elon Musk's role as Tesla CEO influences DOGE prices due to his support for the cryptocurrency.

Tesla CEO Search Reports

Reports indicated Tesla's board sought a new CEO to replace Musk due to his involvement with the Trump administration.
The board allegedly asked Musk to confirm he would focus more on Tesla.
Tesla refuted these claims, stating Musk remains CEO and expressing confidence in his leadership.

Musk described the report as "deliberately false" in a follow-up post. Tesla has accepted DOGE for merchandise payments since early 2022, allowing users to connect DOGE wallets for purchases.