President-elect Donald Trump is promoting DOGE shirts after appointing billionaires Elon Musk and Vivek Ramaswamy as heads of the newly-coined Division of Authorities Effectivity, or DOGE for brief — a reference to Musk’s favourite cryptocurrency, Dogecoin.
The rudimentary shirts are on sale for $28 on Trump’s official marketing campaign web site. Amidst an orange-washed background of Mars, Musk and Trump’s face are plastered beneath ‘D O G E’. Peeking over their shoulder is slightly Shiba Inu, the official Dogecoin mascot.
Following the thinly-veiled announcement of the Division of Authorities Effectivity, $DOGE’s quantity rose to $47 billion. Nevertheless, its value and market cap remained comparatively secure.
It was extensively anticipated that Musk can be appointed to an advisory or cupboard function, which can clarify why $DOGE value hasn’t continued to surge.
That is Musk’s newest try to shamelessly pump (and sure revenue) from his favourite cryptocurrency. Protos has beforehand tracked Dogecoin’s value following Musk’s promotional posts on X, revealing that DOGE pumped as much as 32% after he tweeted concerning the memecoin.
Learn extra: CHART: Dogecoin market cap now higher than 60% of S&P 500
The billionaire posted concerning the token 30 occasions on 22 completely different days, between Could and November 2021 alone. Since then, Musk momentarily modified Twitter’s brand to the DOGE mascot, which led to a 30% value pump.
Dogecoin traders famously sued Musk for allegedly orchestrating these “publicity stunts” to pump and promote at a revenue. Nevertheless, Musk managed to get the lawsuit dismissed in late August.
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