According to Odaily Planet Daily, influenced by Musk's continued endorsement and the expected launch of the first DOGE ETP product, Dogecoin's market value reached US$57.8 billion, surpassing Porsche's market value of US$56.1 billion.
Musk’s recent involvement in the creation of the Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulation, has further fueled interest in Dogecoin.