🇺🇸 Musk Denies Connection Between Dogecoin and the U.S. Government
Elon Musk stated that the DOGE (Department of Government Efficiency) is not related to the cryptocurrency, despite the similar name. Its goal is to increase the efficiency of government structures by 15%.
The name was coined by internet users who suggested replacing the dull "Commission for Government Efficiency" with something more vibrant.
In February, the Dogecoin mascot, Shiba Inu Kabosu, accidentally appeared on the DOGE website, fueling rumors and raising the coin's value by 14%.