What Is Dogecoin Worth Today? Elon Musk’s Statement Triggers 5% Drop

Krutika Adani

The Rumor & Musk’s Response

  • Rumors were circulating about Dogecoin being included in the U.S. Department of Government Efficiency (DOGE). Elon Musk dismissed them at the America Pack Town Hall.

Why the Name ‘DOGE’ Came Up

  • Musk initially considered naming the agency Government Efficiency Commission. But the internet suggested Department of Government Efficiency, and Musk agreed.

How the Department is Saving Taxpayers

  • The Department of Government Efficiency has saved an estimated $130 billion since January. That translates to an average savings of $840 per taxpayer.

Dogecoin Price Takes a Hit

  • Dogecoin has dropped more than 5% in the last 24 hours

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