Dogecoin's Senate Appearance Amidst Market Volatility
Senator Joni Ernst's recent use of a Doge meme image in a Senate address has prompted reactions from the meme's co-creator, Billy Markus.
Dogecoin in the Senate
During her speech, Ernst displayed a Doge-themed visual representing the operations of the Department of Government Efficiency (D.O.G.E.). Markus, known as Shibetoshi Nakamoto on social media, shared the video, remarking: "Pretty funny to see this Doge meme IN THE SENATE."
Dogecoin's Price Fluctuations
While Dogecoin gained attention in the political arena, its market performance has been volatile. In the past week, it has lost 7.82%, and as of now, trades at $0.32, down 8% over the last 24 hours.
Elon Musk's Influence
Dogecoin's price movements have often been influenced by Elon Musk's social media activity. However, his recent adoption of a Pepe the Frog meme avatar has raised questions about whether he might shift his support from Dogecoin to the Pepe coin, launched in 2023.
Despite Musk's historical advocacy for Dogecoin, his apparent interest in the Pepe meme has sparked speculation about the meme coin's future and his potential role as the "Pepefather."