{"id":588360,"date":"2024-10-17T14:53:06","date_gmt":"2024-10-17T14:53:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=588360"},"modified":"2024-10-17T14:53:06","modified_gmt":"2024-10-17T14:53:06","slug":"elon-musk-tweet-fuels-dogecoin-surge-sends-department-of-government-efficiency-doge-meme-coin-soaring","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/elon-musk-tweet-fuels-dogecoin-surge-sends-department-of-government-efficiency-doge-meme-coin-soaring","title":{"rendered":"Elon Musk Tweet Fuels Dogecoin Surge, Sends Department Of Government Efficiency (DOGE) Meme Coin Soaring"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">An Elon Musk tweet fired up meme coin Dogecoin (DOGE) and sent the Department of Government Efficiency (DOGE) soaring, making the original DOGE the best-performing major meme coin before profit taking set in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Elon Musk has a well-documented history of influencing meme coin prices with his tweets and on Oct. 15 he was at it again, this time tweeting that &ldquo;D.O.G.E will fix it&rdquo; in response to news that California officials had rejected more SpaceX rocket launches.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">D.O.G.E will fix it &#129683;<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1846145126868926818?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Musk was referring to Donald Trump&rsquo;s plan to put him in charge of a Department of Government Efficiency if he retakes the White House after next month&rsquo;s presidential election.<\/p>\n<h2>Dogecoin Was Top Gainer Among Major Meme Coins After Musk Tweet<\/h2>\n<p><span style=\"font-weight: 400;\">The Department of Government Efficiency meme coin went parabolic after the tweet, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/department-of-government-efficiency\">surging a maximum 196%<\/a> before falling back. It is down 3.2% as of 10.21 a.m. ET.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-pumps-7-after-elon-musk-tweet-as-this-vote-to-earn-meme-coin-charges-towards-1-million-in-presale\">Dogecoin price<\/a> surged almost <a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xfcd13ea0b906f2f87229650b8d93a51b2e839ebd\">18% to $0.1299<\/a> in the 24 hours following Musk&rsquo;s tweet, making it the best-performing crypto asset among the biggest meme coins by market cap. It&rsquo;s since pared gains and is down more than 4%.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-588373 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40.png\" alt=\"DOGE and D.O.G.E\" width=\"1438\" height=\"881\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40.png 1438w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40-300x184.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40-1024x627.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40-768x471.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/10\/DOGEGOVUSDT_2024-10-17_12-53-40-310x191.png 310w\" sizes=\"(max-width: 1438px) 100vw, 1438px\"><\/p>\n<h2><b>Next Meme Coin To Explode?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Investors looking for the next meme coin gem like Dogecoin often turn to presales, where right now it&rsquo;s a Pepe (PEPE) derivative that is going parabolic in terms of funds raised. <\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400;\"> blasted past the $20 million milestone earlier today as investors pile into a project that promises to bring a modern version of the PEPE meme coin to the market, complete with its own Layer 2 blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The idea behind PEPU is that it will liberate PEPE from the limitations of its old, clunky, Layer 1 blockchain on Ethereum.<\/span><\/p>\n<h2><b>Related Articles<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/italy-to-hammer-bitcoin-profits-by-hiking-capital-gains-tax-on-cryptocurrencies-to-42\"><span style=\"font-weight: 400;\">Italy To Hammer Bitcoin Profits By Hiking Capital Gains Tax On Cryptocurrencies To 42%<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-meme-coins\"><span style=\"font-weight: 400;\">10+ Best Meme Coins to Buy &ndash; 2024 Guide<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-august-13-aave-thorchain-injective\"><span style=\"font-weight: 400;\">Best Crypto to Buy Right Now August 13 &ndash; Aave, THORChain, Injective<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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