The hashtag 18384024265 refers to Elon Musk's announcement of the end of his role in the 'Government Efficiency Administration' (DOGE), an advisory body established by former U.S. President Donald Trump aimed at reducing government spending and improving administrative efficiency. 

What is DOGE?

Although its name suggests it is an official agency, DOGE is not a formal government administration; rather, it is an advisory body created by executive order from President Trump. Musk served as a Special Government Employee without pay, a designation that allows external experts to contribute to government work for a limited time not exceeding 130 days per year.  

Reasons for Musk's Departure

Musk announced his departure from DOGE after the expiration of his designated service period, expressing gratitude to President Trump for the opportunity to contribute to reducing government spending. He also expressed disappointment with the new budget bill, which he described as 'big and beautiful,' arguing that it increases the financial deficit and undermines DOGE's efforts to reduce spending.  

Impact of Departure on Cryptocurrencies

Musk's announcement of his departure from DOGE triggered reactions in the cryptocurrency market, where the price of Dogecoin (also referred to as 'DOGE') experienced fluctuations. Although DOGE in this context refers to the governmental body, the connection between the agency's name and the Dogecoin currency led to market reactions.