With Musk's "Government Efficiency Department" gaining support, the price of Dogecoin surged by 10%

With the social media buzz about Elon Musk's "Department of Government Efficiency," the price of Dogecoin (DOGE) has risen by 10% in the past 24 hours, breaking through $0.12.

Musk recently donated $75 million to a political action committee supporting Trump's campaign and publicly proposed setting up a government efficiency department with an acronym that matches "DOGE", further driving market attention towards Dogecoin.

The close relationship between Musk and Trump, as well as their recent interactio