"The Department of Government Efficiency (DOGE) was dissolved early"… memecoin jumps 100,000% in a week
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Summary
- The memecoin DOGE was reported to be up 106,229% from a week earlier over the past week.
- As of 3:40 a.m. on the 10th, DOGE was reported to be trading at $0.1393, down 2.13% from the previous day.
- DOGE is a memecoin that riffs on the Department of Government Efficiency, which Elon Musk once headed, and the department is now effectively dissolved, the report said.
The memecoin DOGE (Department Of Government Efficiency) has surged over the past week.
As of 3:40 a.m. on the 10th (KST), DOGE was trading at $0.1393, down 2.13% from the previous day on CoinMarketCap. While it posted losses on the day, it still marked a 106,229% spike from a week earlier.
DOGE is a memecoin that riffs on the Department of Government Efficiency, which was headed by Tesla CEO Elon Musk.
The Department of Government Efficiency is a U.S. government entity that emerged alongside President Donald Trump's inauguration. It drew significant market attention early on, but is now effectively dissolved. In November last year, Scott Cooper, head of the White House Office of Personnel Management, said, "The Department of Government Efficiency no longer exists."
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