The new US President Trump this morning, after the end of his inauguration ceremony, officially signed an executive order to establish a government efficiency department (DOGE) led by Tesla founder Musk.
After the DOGE department was officially established, its official website also went live later today. However, it is worth noting that there is currently no detailed information on the DOGE department's official website, and the only thing visible on the website is a huge Doge logo.
Doge Surges 11.9% in the Short Term
Perhaps as a result, Doge surged 11.9% within 1 hour of the launch of the Government Efficiency Department website, reaching a high of $0.3946, although it has since retreated slightly to $0.3869 at the time of writing, the 24-hour gain is still 3.4%, with a market cap of $57 billion.
Is Musk Using Government Power to Pump Doge?
We know that since the birth of Doge, Musk has been widely recognized as the "Doge father" for his frequent public shilling of Doge. And even before Trump won the US election last year, when Trump announced that he would appoint Musk to lead the US government efficiency department to help reduce federal government spending and improve work efficiency, Musk had repeatedly promoted Doge on Twitter.
And now, at the very beginning of the establishment of the Government Efficiency Department, its website has prioritized the display of the Doge logo even before any other content is uploaded, which has led the community to directly claim that Musk is once again supporting Doge as usual. However, this has also raised questions from netizens, as the Government Efficiency Department is after all a government agency, and whether the practice of shilling Doge through the DOGE department also constitutes an abuse of power.
