Dogecoin

Shiba Inu

Elon Musk

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<a href="https://u.today/elon-musk-stuns-dogecoin-doge-community-with-x-post" rel="noopener noreferrer nofollow">Elon Musk</a> has once again sparked reaction within the Dogecoin community with his recent tweet that made an indirect reference to DOGE. The Tesla and SpaceX CEO posted a tweet that reads, "Department of Government Efficiency," which could be abbreviated for short as "DOGE."
This playful nod to Dogecoin was accompanied by an image of Musk, adding a visual element that further captivated his followers. Musk cleverly played with the acronym "DOGE," referring to his <a href="https://x.com/elonmusk/status/1832319390940881133" rel="noopener noreferrer nofollow">tweet</a> "Department of Government Efficiency."
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 Department of Government Efficiency <a href="https://t.co/HFeHYNIkJN" rel="noopener noreferrer nofollow">pic.twitter.com/HFeHYNIkJN</a>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1832319390940881133?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 7, 2024</a>
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In an image that seemed to be AI-generated, Musk looked stylish while displaying the acronym "DOGE." This is not the first time Musk has made such a tweet. In the past month, he posted a similar message, which also caused a reaction in the Dogecoin community.
Recent weeks have seen the Tesla CEO return to Dogecoin references in playful posts, even responding to Dogecoin-related comments.
In the past month, Musk and Tesla won the dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion "pyramid scheme."
<h2 id="dogecoin-price-reaction">Dogecoin price reaction</h2>
The <a href="https://u.today/dogecoin-skyrockets-32-in-active-users-will-doge-price-follow" rel="noopener noreferrer nofollow">Dogecoin price</a> remains down in the last 24 hours, according to CoinMarketCap data. Cryptocurrencies continued to plummet on Saturday, extending Friday's downturn that took Bitcoin to its lowest point in a month.
Bitcoin had briefly recovered after a weaker-than-expected nonfarm payrolls report before returning to the downside. Although some cryptocurrencies are trading higher, others are falling, such as Dogecoin, which is down 2.39% in the last 24 hours to $0.095. The dog-themed cryptocurrency is also down 6.28% weekly.
Dogecoin, with its Shiba Inu image, was the first meme coin, a sort of cryptocurrency derived from internet memes or jokes, and hit an all-time high of $0.737 in May 2021, after which it plunged by around 87%.

Elon Musk New DOGE Post Excites Dogecoin Community

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