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U.S. Government Launches DOGE Website With Dogecoin Logo, Elon Musk's Influence Coincides With 10% Price Surge to $56.5 Billion Market Cap

Jan 21, 2025, 12:03 PM

The United States government has launched an official website for the Department of Government Efficiency (DOGE), which prominently features the Dogecoin logo. This development coincides with a 10% increase in Dogecoin's price, from $0.35 to $0.38 within a minute, resulting in a market capitalization of approximately $56.5 billion. The DOGE website includes the Dogecoin logo alongside the statement, 'The people voted for major reform.' The site's HTML contains an ASCII representation of the Dogecoin logo and a link to the Department's official Twitter account. However, the website's favicon is a golden dollar sign, suggesting that the Dogecoin logo's inclusion may be more of a nod to the department's acronym rather than an official endorsement of the cryptocurrency. Elon Musk, appointed to lead the Department of Government Efficiency, has been a vocal supporter of Dogecoin, and his involvement may have influenced the cryptocurrency's market performance.