Tesla CEO Elon Musk indirectly referenced Dogecoin in a tweet about the "Department of Government Efficiency," which can be abbreviated as DOGE. The Dogecoin community quickly caught onto this and a graphic designer created a meme featuring Musk as a baboon from "The Lion King," holding up Dogecoin with the acronym DOGE. Musk playfully responded, stating that the official mascot of his ventures will be the Doge. At the time of writing, Dogecoin was up 2.2% and on track for its third consecutive day of gains, with potential for an uptrend if it surpasses key levels. Bears could drive the price down if they break important support levels.



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