New DOGE Copycat Coin Pumps 14X After Elon Musk Mention – Will It Keep Rising?
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A new Elon Musk referencing meme coin piggybacking on Dogecoin’s $DOGE ticker has pumped 14X after its meme went viral.
The coin in question is a new pro-Trump pro-Musk meme coin called Department of Government Efficiency (which has the handy ticker of $D.O.G.E).
Joe, perhaps you would be interested in joining the Dept of Govt Efficiency pic.twitter.com/7yKQLban1B
In a speech last Thursday, Elon said: “I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government.”
The growing conversation around the proposed Musk/Trump government efficiency collaboration has put $D.O.G.E on meme coin fans’ radars because separately, both Trump and Elon Musk are good fodder for meme coins.
Notably, however, the D.O.G.E. price has since been selling off from its recent peak, now approaching a local support level.
Trump has released NFTs and has several cryptocurrencies paying homage to him, while popular meme coin $FLOKI is named after Elon Musk’s dog, a Shiba Inu.
Musk is a long-time fan of the breed, which became viral after the Doge meme and, subsequently, Dogecoin took off.
Meanwhile, $DOGE itself is having a good day.
It’s one of few cryptocurrencies posting green candles both over the last 24 hours and over the last seven days. Dogecoin is up 3.1% overnight and 4.6% over the week to trade at $0.1019 as of this writing.
The $15 billion market cap Dogecoin appears to be the meme coin sector’s equivalent of “too big to fail”. Back in crypto’s opulent 2021, a tweet from Elon Musk could send the price skyrocketing.
Nowadays $DOGE is broadly fated to track and
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