DOGE Price Leaps As Musk-Led Gov Site Uses Dogecoin Logo

The Department of Government Efficiency, or ‘DOGE’, has launched its official .gov website featuring the Dogecoin logo. 

This is a significant moment, as it’s the first-ever government website to host a meme coin logo. According to CoinMarketCap data, DOGE’s daily trading volume has since spiked by over 25%.

The Department of Government Efficiency is set to be led by Elon Musk, who has consistently supported Dogecoin. During yesterday’s inauguration speech, Musk remarked: “We’re going to take DOGE to Mars.” Although referring to the agency, this might have been a wink to the meme, which is the seventh-largest coin on the market.

DOGE website is still under construction

The Department of Government Efficiency’s website launch is one of the first public steps of this new federal unit. The site, Doge.gov, currently displays a minimal design with a black background, the Dogecoin logo, and basic text elements identifying it as an official US government platform.

The department’s mission focuses on driving large-scale government reform through outside perspectives. The unit plans to apply business approaches to federal operations.

President Trump initially appointed both Elon Musk and Vivek Ramaswamy to lead the unit following his November election victory. However, Ramaswamy has since dropped out, with plans to run for Ohio governor.

It’s unclear what role the actual Dogecoin will have in DOGE’s actual website, but it’s evident that the current US government will push a meme coin agenda. This follows the president and first-lady launching their own meme coins – $TRUMP and $MELANIA – in the past weekend.

Dogecoin price pumps after the DOGE logo appearance

The Department of Government Efficiency’s website launch triggered an immediate response in the DOGE price. Dogecoin’s price climbed from $0.3376 to $0.3957 as traders reacted to its logo appearing on an official US government website.

Elon Musk’s position as sole head of the department puts a known cryptocurrency advocate in charge of a federal agency. Musk’s history with Dogecoin includes years of public support that often moved markets through his social media posts.

These developments, coming immediately after President Trump’s inauguration, coincide with broader changes in the administration’s approach to cryptocurrency.

Trump’s meme coin is now down by 19% in the last 24 hours, while his wife Melania’s meme coin, MELANIA, is down by over 45% as the global crypto market cap has slumped close to 5%. TRUMP further fell earlier today when Dogecoin spiked, showing that meme coin traders are liquidating positions to leverage the latest hype.