The U.S. Department of Government Efficiency (D.O.G.E.) website now features the dogecoin (DOGE) logo, despite no direct connection to the cryptocurrency. The department, headed by Elon Musk, was announced by President Trump to enhance federal government efficiency. DOGE has no enforcement power. The logo’s appearance led to a 5% drop in DOGE value within 24 hours, mirroring a broader market decline. However, a parody token rose by 6%. Musk has frequently mentioned DOGE on social media, fueling expectations of increased mainstream attention. Legal challenges question the department’s transparency and structure.
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