Elon Musk continues to influence the cryptocurrency market, particularly concerning Dogecoin. Known as the “Doge Father,” Musk has made enthusiastic endorsements on the social media platform X, which has reignited discussions about meme coins. His actions have led to increased market speculation and interest.

Adding fuel to the fire, Musk has co-founded a new organization named the Department of Government Efficiency (D.O.G.E.) alongside Vivek Ramaswamy, a move that has drawn attention, especially since it is formed under the patronage of Donald Trump.