Public statements or social media posts from Elon Musk or official announcements from the Department of Government Efficiency

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.