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Musk Denies Dogecoin Use in Government—$DOGE Crashes 55% Since D.O.G.E. Launch

  • Elon Musk denies any Dogecoin integration with the Department of Government Efficiency (D.O.G.E.) and focuses on improving government efficiency.
  • Since the launch of D.O.G.E., Dogecoin (DOGE) has crashed 55.54% in value, underperforming compared to Shiba Inu (SHIB).
  • Musk initially chose the name D.O.G.E. based on internet suggestions, but clarified that there are no plans for the government to use Dogecoin.
  • Dogecoin investors expected government support, but the memecoin has experienced a significant decline in value.

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