The Department of Government Efficiency (D.O.G.E.) meme coin has recently gained significant attention due to its impressive market performance. Over the past 24 hours, it has experienced a 48% increase in value, reaching approximately $140 million, driven by traders’ anticipation of the agency’s launch under the Trump administration.

This surge follows a notable 82% correction over six weeks after its all-time highs, which is typical behavior for meme coins. Previously, D.O.G.E. saw an extraordinary rise of 4,000% within a month, showcasing its volatility. Currently, the coin has faced a 48.7% decline over the last month, setting the stage for a potential rebound.

As the launch of the Department of Government Efficiency approaches, public interest is expected to grow, shaping discussions around efficiency and reform. This excitement may fuel speculative activity for both D.O.G.E. and Dogecoin, which has also seen a rise of 6.6% in the last 24 hours.

📎 Related coverage from: benzinga.com