The Department of Government Performance is still the DOGE, but the DOGE company site no longer features the classic Doge image imagery shared with Dogecoin—and the initial meme coin is now sinking.
The price of Dogecoin jumped Tuesday once followers and investors noticed that the site for the Elon Musk-led government action featured the image of Kabosu, the later Shiba Inu dog who inspired the online image that Dogecoin is based on.
Dogecoin rose as high as$ 0. 385 on Tuesday, recovering some earth after plunging following last Friday’s release of Donald Trump’s standard Solana image gold, TRUMP. Dogecoin had been priced at$ 0. 431 before the Republican gift dropped, then plunged downward to$ 0. 338 earlier this year.
The coin is now down 6 % over the last 24 hours, falling to about$ 0. 359. It’s the biggest fool among the top 10 bitcoin, with Bitcoin and Ethereum both down about 1. 5 % over the last moment. Solana, however, has jumped 5 % during the period.
The Department of Government Reliability is an established Trump action, led by mentioned Dogecoin lover Elon Musk, that aims to greatly reduce the size of government by trimming budgets and eliminating jobs. Musk was set to co-run the company with Vivek Ramaswamy, but the businessman and Bitcoin lover dropped out this year due to apparent plans to run for Ohio government.
The partnership with Musk has fueled Dogecoin increases for years, and was renewed over the last few weeks as the world’s richest man discussed the gold on the campaign trail while supporting Trump. That finally transformed into strategies for the Department of Government Effectiveness, which Trump made recognized just days after winning November’s election.
And today Trump has his own image gold to issue Dogecoin. TRUMP is down about 2 % on the day at a current price of$ 38. 50.
But while the standard depends. governor site featured Dogecoin pictures on Tuesday, it’s little more accessible. It’s just the latest case of the words and actions of Elon Musk and his activities have impacted the price of Dogecoin over the years.
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