In the USA, where the debt is approaching 36 trillion dollars, the Trump administration is implementing the Department of Government Efficiency, abbreviated as DOGE. Donald Trump stated in a statement released yesterday that Elon Musk and Vivek Ramaswamy will be at the helm of the institution.
Donald Trump’s election as president in the US has seriously triggered the rise in Dogecoin, like Bitcoin. Elon Musk’s ideas of establishing a “Government Efficiency Department”, abbreviated as DOGE, seem to be coming true in the Trump administration, and this situation brought about a nearly 300% increase in Dogecoin in the last month.
Dogecoin, which has increased by nearly 50% in the last month, has also reached 1% in Elon Musk-backed Dogecoin. This level was last seen in May, especially in the largest meme coin where whale purchases have increased.
While 2024 stands out as the ‘meme coin bull’, big gains in Solana-based meme tokens continue. When a dog named Neiro, which was taken instead of Kabosu, who gave Dogecoin its name, was announced by its owner, dozens of meme coins were issued under this name. A developer made a fortune in a short time in his own Neiro token.
The Dogecoin Foundation has announced the development of the meme coin, which is a very important step for the use of the meme coin on online platforms and social media.
The Dogecoin-funded DOGE-1 satellite, which is expected to be launched in January at the very beginning of 2024, has obtained the necessary authorization from the US Telecommunications and Information Administration (NTIA). The satellite will be launched on the famous Falcon 9 rocket of Elon Musk’s company SpaceX.
In the $250 million Dogecoin lawsuit filed against Elon Musk, CEO of Tesla and X, Musk’s lawyers requested that the latest charges be deemed invalid due to the continuous prolongation of the process.
An interesting step came from the company regarding the Bitcoin and Dogecoin options that emerged in Tesla’s source code related to payments yesterday afternoon. While Bitcoin is removed from the code, Dogecoin continues to be kept.
Twitter announced that it will share the revenue from ads with content creators, and Dogecoin co-creator Billy Markus was entitled to a piece of the pie. Markus earned about 37 thousand dollars from ads in the replies to tweets section.