Elon Musk Tweet Fuels Dogecoin Surge, Sends Department Of Government Efficiency (DOGE) Meme Coin Soaring
An Elon Musk tweet fired up meme coin Dogecoin (DOGE) and sent the Department of Government Efficiency (DOGE) soaring, making the original DOGE the best-performing major meme coin before profit taking set in. Elon Musk has a well-documented history of influencing meme coin prices with his tweets and on Oct. 15 he was at it again, this time tweeting that “D.O.G.E will fix it” in response to news that California officials had rejected more SpaceX rocket launches. D.O.G.E will fix it 🪓 — Elon Musk (@elonmusk) October 15, 2024 Musk was referring to Donald Trump’s plan to put him in charge of a Department of Government Efficiency if he retakes the White House after next month’s presidential election. Dogecoin Was Top Gainer Among Major Meme Coins After Musk Tweet The Department of Government Efficiency meme coin went parabolic after the tweet, surging a maximum 196% before falling back. It is down 3.2% as of 10.21 a.m. ET. The Dogecoin pri...