On August 20, 2024, Musk shared an image on X (formerly Twitter) with the phrase "Department of Government Efficiency" abbreviated as D.O.G.E., leading to a 6% surge in Dogecoin's value . Similarly, on November 14, 2024, a brief exchange between Musk and a Dogecoin community member resulted in a 4% increase in DOGE's price .
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As of April 28, 2025, Dogecoin is trading at approximately $0.1814, with intraday fluctuations between $0.1749 and $0.1830 . Musk's influence continues to impact Dogecoin's market dynamics, highlighting the significant role of social media interactions in cryptocurrency valuations.#Dogecoin $DOGE
