Dogecoin Price Soars 6% As Elon Musk Reacts To Trump Cabinet Offer
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The dog-themed meme token Dogecoin soared nearly 6% today as Tesla & SpaceX CEO Elon Musk reacted DOGE to Donald Trumpâs offer for a cabinet role if elected. Today, the American entrepreneur took to X, showcasing his readiness for the proposed offer, which he also named DOGE (Department of Government Efficiency).
This event unfolds in the aftermath of the Republicanâs recent statements, which hinted at plans to tap Musk for a cabinet role. Dogecoinâs price soared nearly 6% today, fueling enthusiasm in tandem with the Tesla CEOâs comments.
Elon Musk Accepts Trumpâs Offer, Names It DOGE
The American entrepreneur posted on X today, August 20, claiming, âI am willing to serve,â indicating his readiness for a cabinet role. Further, he posted a pic of himself that read D.O.G.E (Department of Government Efficiency). This statement has echoed a bustle nationwide, hinting at Muskâs potential plans to join the Republican presidential candidate should he be elected.
Meanwhile, a recent report by CoinGape Media spotlighted that Donald Trump offered the Tesla CEO a position in his cabinet or advisory team. Concerning this, another post by the American entrepreneur today stated that DOGE sounds like the âperfect nameâ for the potential cabinet role.
Meanwhile, DOGEâs price soared nearly 6% in tandem with Muskâs statements, sparking investor enthusiasm globally.
Dogecoin Price Soars
As of writing, DOGE price soared 6% to trade at $0.1052 on Tuesday, August 20. The meme tokenâs 24-hour lows and highs were recorded as $0.09871 and $0.1055, respectively.
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