TL:DR;
- Dogecoin’s price has headed north once again after the recent market-wide crash and spiked from $0.345 to over $0.4 within minutes.
- This impressive rally came after reports emerged that the Musk-led Department of Government Efficiency (D.O.G.E) had featured the meme coin’s logo.
The official website for the Department of Government Efficiency (D.O.G.E.) has gone live, featuring the $DOGE logo. pic.twitter.com/f9aEhpCvM0
— MaxBull.eth.CNS (@CryptooRanger) January 21, 2025
Ever since it was announced during Trump’s pro-crypto presidential campaign, the newly launched government department became the talk of the town within the digital asset industry due to its obvious remark to the largest and oldest meme coin.
The two people who were initially announced to be in charge of the project were Elon Musk and Vivek Ramaswamy, but the latter decided to abandon the project and will reportedly focus on becoming the governor of Ohio.
Nevertheless, D.O.G.E was officially announced yesterday during Trump’s inauguration speech, and its website now features Dogecoin’s logo, unlike the X page (for now).
The meme coin’s price reacted immediately. The asset had tumbled to $0.345 ahead of the logo change but exploded by over 15% within minutes to over $0.4. This became its highest price tag in the past two days.
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