On November 13, at 9:30 a.m., Trump issued a statement announcing the appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) to eliminate government bureaucracy, cut over-regulation, cut wasteful spending, and reorganize federal agencies. Subsequently, Musk also released the logo of the Department of Government Efficiency and said "to make government more interesting."

Since then, a new government department named after memecoin has appeared on the American political stage. So where did the department "DOGE" come from?

The past and present of the department "DOGE"

The originator of meme coins: DOGE

DOGE (Department of Government Efficiency) has the same name as the ancestor of meme coins Dogecoin (also known as Dogecoin in Chinese).

As the elder of meme coins, Dogecoin (DOGE) was inspired by the very popular "Doge" emoticon package at the time (the prototype was a Shiba Inu named Kabosu). Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer. At the beginning, they hoped to create a lighthearted cryptocurrency to satirize the hype in the cryptocurrency market at the time. Dogecoin was immediately a huge success after its launch, and was warmly welcomed on websites such as Reddit, and was also used as a reward tip.

At the same time, Musk also has a deep relationship with Dogecoin. In April 2019, Musk tweeted that Dogecoin was his favorite cryptocurrency and thought Dogecoin was "cool." In the May 2021 "Saturday Night Live" show, Musk called himself "Dogefather" and called Dogecoin "the people's cryptocurrency." Over time, Musk gradually became deeply bound to Dogecoin, and even became the image spokesperson of Dogecoin in the public's cognition.