Elon Musk Shares Fresh Take on D.O.G.E., Dogecoin Army Excited

Elon Musk shares his thoughts on the Department Of Government Efficiency (D.O.G.E.) pic.twitter.com/TJiADdF7fn

— Sir Doge of the Coin ⚔️ (@dogeofficialceo) October 18, 2024

Musk immediately shortened this long title to his favorite D.O.G.E. - an abbreviation that sounds similar to the name of his favorite meme cryptocurrency Dogecoin (DOGE).

In particular Musk stated that this D.O.G.E. organization, if it is set up in the future, should monitor how US government spending is performed. Funds should be spent in the way that would benefit US citizens, Tesla CEO stated, while he believes that a lot of spending is now being done outside the USA.

Elon Musk shares his thoughts on the Department Of Government Efficiency (D.O.G.E.) pic.twitter.com/TJiADdF7fn

— Sir Doge of the Coin ⚔️ (@dogeofficialceo) October 18, 2024

The Dogecoin community reacted with a wave of enthusiasm and the mention of DOGE (even though it was D.O.G.E.) made them leave supportive comments for Musk and Dogecoin, praising the largest meme cryptocurrency by market capitalization value.

Elon Musk is a well-known fan of Dogecoin, which he loves because its connection to dogs and memes, as he admitted in a podcast earlier this year. In the past six years, he actively posted memes and shilled DOGE on his Twitter account and his tweets had a significant and instantaneous impact on the Dogecoin price, making it sway up and down.