Sep 9, 2026 12:31 PM

Elon Musk calls Dogecoin "the people's crypto," but his endorsement has been a financial disaster for the very workers he claims to champion. If you bought $1,000 of DOGE when he gave it that nickname, you’d have just $341 left today—a 66% loss. Those who bought at the peak he fueled have lost nearly 90% of their investment. Far from empowering the "people," this hype has mostly just vaporized their savings. Is Musk responsible for these losses, or is this just the price of meme culture?
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