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DOGE LOGO appeared on the official website of the US Department of Efficiency, driving the coin price up 11%
The US 'Department of Government Efficiency' (DOGE), led by the tech tycoon Elon Musk, was officially established. Surprisingly, the official website initially displayed the logo of 'DOGE (DOGE)'. Although the department has no substantial connection with this meme coin, the 'Musk style' move still excited the crypto world community, inspiring a surge of over 10% in DOGE.
"In order to restore professionalism and efficiency to our federal government, my administration will create a new 'Department of Government Efficiency,'" Trump announced in his inaugural address, followed by a swift executive order formally establishing the department.
It is worth noting that the 'Government Efficiency Department' does not have compulsory enforcement power. Its role is more like a think tank, responsible for proposing innovative reform suggestions from an 'outsider's' perspective, trying to promote government reform by breaking through traditional ways of thinking.
JUST IN: Official D.O.G.E. website is live featuring the $DOGE logo pic.twitter.com/REBuq6lUCu
— Satoshi Club (@esatoshiclub) January 21, 2025
"Government Efficiency Department" official website went online, and due to the display of DOGE LOGO, it quickly drove up its price by about 11% to $0.40. However, after changing the webpage to the new department logo of "Cartoon Shiba Inu", the upward trend of DOGE has also converged, and it has now fallen back to $0.3686.
DOGE was born in 2013, created by software engineers Billy Markus and Jackson Palmer. Initially, it was just a humorous satire on the traditional financial system, but it has developed into a globally well-known cryptocurrency.
Elon Musk once humorously said, "I like DOGE because it's full of humor, as well as those cute dogs and memes, which are elements I like."
The DOGE LOGO appeared on the official website of the US Department of Efficiency, driving the coin price up by 11%. This article was first published in "Block Times".