Elon Musk posts image of DOGE featuring 'Department of Government Efficiency'

In a recent update on X, Tesla CEO Elon Musk posted an image of Dogecoin (DOGE) featuring the text "Department of Government Efficiency." According to CoinMarketCap, DOGE is currently trading at $0.383, up 8.27% over the past 24 hours. In another X post, Musk said, “All actions of the Department of Government Efficiency will be posted online for maximum transparency.” He further added in a separate post, “America was saved by a squirrel and a meme coin!” The last comment likely refers to Peanut the Squirrel (PNUT), a new memecoin recently listed on various exchanges, including Binance. PNUT is trading at $0.7212, up 72.08% over the past 24 hours.