Dogecoin Surges Over 10% Following Elon Musk's Social Media Endorsement

Elon Musk's tweet linking Dogecoin to a proposed government department fuels a significant rally in the meme coin's value.

Dogecoin's price jumped over 10% in 24 hours, reaching approximately $0.1264, making it the top-performing cryptocurrency among major coins.
Elon Musk's tweet about a 'Department of Government Efficiency,' abbreviated as D.O.G.E., sparked speculation and excitement among Dogecoin investors.
Musk's recent $75 million donation to a political action committee supporting Donald Trump has increased attention on his potential role in a future administration.
Dogecoin's trading volume surged by 70%, highlighting heightened investor interest and activity in the cryptocurrency market.
The meme coin remains highly volatile but maintains a strong following, partly due to Musk's ongoing social media influence and previous endorsements.