Billionaire Elon Musk, who is known for his support of Dogecoin, reacted with enthusiasm to a comment made by a member of the Dogecoin team. The comment suggested increasing the amount of projected spending cuts in order to reduce the US federal deficit from $2 trillion to $1 trillion. The suggestion of $4.20 billion per day was a reference to the "Doge number" associated with smoking weed and Dogecoin. Musk responded with a rocket emoji. Earlier this month, Musk stated that if his work at the US Department of Government Efficiency is successful, top cryptocurrencies, including Dogecoin, are likely to fall in price significantly. Dogecoin has recently seen fluctuations in price, with a 9.84% increase followed by a 23% crash.



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