It’s a doggone shame. Dogecoin, the original meme coin, saw its price plummet after its logo was removed from the newly created website for the Department of Government Efficiency.
The DOGE, the U.S. agency, is an official Trump initiative, led by noted Dogecoin fan Elon Musk. It aims to substantially cut the size of government by trimming budgets and eliminating jobs. Musk was set to co-run the agency with Vivek Ramaswamy, but the billionaire and Bitcoin fan dropped out this week due to apparent plans to run for Ohio governor.
Meanwhile, the elation and then disappointment of seeing the Dogecoin logo appear and then disappear from a real .gov domain name created a lot of froth. Traders swapped more than $9 billion worth of DOGE in the past 24 hours. That’s the highest single day of trading volume DOGE has seen since the start of the year.
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Sponsored post by Puffpaw
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