• Elon Musk teased a potential Dogecoin role in a future Trump administration.  
  • Dogecoin’s value spiked 5% after Musk’s tweet gained traction in the crypto community.  
  • Musk’s influence over Dogecoin continues to drive price fluctuations with his social media activity.

Elon Musk is at it again, stirring the crypto world with a single tweet. The tech billionaire teased a potential role for Dogecoin (DOGE) in a future Trump administration, specifically in the “Department of Government Efficiency.” 

While the post was likely in jest, it didn’t stop Dogecoin from spiking by 5%. Musk’s influence over the meme coin has proven strong once again, leaving investors buzzing with excitement.

DOGE Cabinet Position?

Musk’s tweet, posted on X (formerly Twitter), quickly gained traction, sparking intense speculation across the crypto community. With his long history of backing Dogecoin, many took the tweet as a tongue-in-cheek suggestion of how DOGE might play a role in politics. 

📈 Elon Musk has just confirmed the “DOGE” cabinet role under a potential Trump presidency, sending Dogecoin soaring 5%! Musk's tweet on X, featuring “Department of Government Efficiency,” has sparked major crypto excitement. #Dogecoin #ElonMusk https://t.co/mQ9mCXLgIG pic.twitter.com/wZvoV44BWr

— Collin Brown (@CollinBrownXRP) September 8, 2024

The mention of a “DOGE cabinet position” under Trump adds yet another chapter to Musk’s ongoing love affair with the meme-based cryptocurrency . As the tweet gained momentum, Dogecoin’s value climbed, demonstrating the power Musk holds over the coin’s market fluctuations.

Dogecoin’s Meteoric Rise

This isn’t the first time Musk has driven up Dogecoin’s price with a tweet, and it likely won’t be the last. Since becoming a vocal supporter of Dogecoin (DOGE) , Musk has single handedly propelled the coin to mainstream attention. 

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His social media activity often triggers sharp price swings, and this latest tweet is no different. 

Although he may not get a cabinet position, the excitement speaks to the coin’s unpredictable nature—and Musk’s ability to steer the conversation.  

While the cryptocurrency market remains volatile, Dogecoin has continually proven its resilience, largely thanks to Musk’s tweets. With this latest spike, Dogecoin enthusiasts are wondering just how high the meme coin can go and what Musk’s next move might be.

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