The price of Dogecoin experienced a brief surge after fans and investors noticed that the website for the Department of Government Efficiency, led by Elon Musk, featured imagery related to the iconic Doge meme. However, Dogecoin has since declined by 6% and is now valued at $0.359. This drop makes Dogecoin the biggest loser among the top 10 cryptocurrencies, while Bitcoin and Ethereum have only seen a 1.5% decrease. Meanwhile, Solana has increased by 5%. The Department of Government Efficiency is an initiative by former President Donald Trump, and Elon Musk's involvement has contributed to the popularity of Dogecoin. Trump has recently launched his own meme coin called TRUMP, which is down 2% and currently valued at $38.50. Although the Doge meme imagery was initially visible on the government agency's website, it has now been removed, highlighting the influence that Elon Musk's actions and statements have had on Dogecoin's price over the years.



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