Dogecoin Price Explodes as Department of Government Efficiency Website Adds Meme Coin Logo

TL;DR

Dogecoin's value has surged following the recent market crash, rising from $0.345 to over $0.4 in minutes. This rally is attributed to reports that the government agency D.O.G.E. led by Elon Musk has incorporated Dogecoin's logo into its website.

D.O.G.E. Website Features Dogecoin Logo

The official website of the Department of Government Efficiency (D.O.G.E.) now displays the $DOGE logo.

Price Surge on Logo Inclusion

Upon the announcement of D.O.G.E. during Trump's inauguration speech, Dogecoin's price reacted immediately. The asset's value, which had previously dropped to $0.345, soared by over 15% within minutes to over $0.4, marking its highest point in the past two days.

Trump's Pro-Crypto Campaign

D.O.G.E. became a subject of discussion within the crypto industry due to its apparent connection to Dogecoin, the largest and oldest meme coin. Elon Musk and Vivek Ramaswamy were initially in charge of the project, but Ramaswamy has since stepped down to focus on his gubernatorial aspirations in Ohio.

DOGE Price Chart