Elon Musk Confirms “DOGE” Post Donald Trump Speech, Dogecoin Jumps
Elon Musk Reaffirms DOGE Post Under Trump
In a riveting turn of events, Elon Musk posted on September 7, a picture of him with the nameplate “DOGE.” The caption for the picture read- “Department of Government Efficiency.” This post comes in the aftermath of the Tesla CEO agreeing to Trump’s offer for a cabinet role should the Republican party win the elections.
CoinGape Media reported that Donald Trump confirmed at the Economic Club that there will be a Government Efficiency Commission that Elon Musk will head. Altogether, the recent post has added to discussions amid the ongoing presidential campaigns.
Linda Yaccarino, CEO at X, reacted to Musk’s post. Notably, the post comes soon after Donald Trump’s recent speech at The Economic Club New York, where in the Republican called out Kamala Harris for her taxation policies.
Dogecoin price embarked on an upward trajectory, gaining nearly 5% after hitting a 24-hour low of $0.08947 to trade at $0.09417 at press time. The coin’s intraday peak was $0.09777.
Notably, Dogecoin’s futures OI jumped 0.59% within the 4-hour chart, while 0.14% in the 1-hour time frame, reaching $443.17 million. The slight uptrend in tandem with Musk’s post has garnered significant attention to the token.
Crypto market watchers speculate if Trump’s win could spark a rally in Dogecoin as Elon Musk takes a government seat with DOGE position. Polymarket data currently shows the Republican’s winning odds at 51%, while Harris at 48%.
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