TLDR:
- Emerging meme coin D.O.G.E. (Government Efficiency Division) soared 291% this week, hitting a price of $0.163.
- Elon Musk's humorous quip about running a government unit during Trump’s tenure inspired the creation of this token.
- The market valuation for D.O.G.E. has swelled to $161 million since its debut in August 2024.
- The original Dogecoin reached a peak, unseen for seven months, of $0.21 on Election Day.
- Price surges in both tokens followed instances of Musk's public events with Trump.
The Government Efficiency Division The Ethereum-based D.O.G.E. token, emerging from Elon Musk's jest regarding a fictional government branch, witnessed substantial price activity recently.
According to CoinGecko, the D.O.G.E. token's price escalated 75% within a span of just one day, touching $0.163. This contributes to an impressive weekly gain of 291%, overtaking the performance of its legendary precursor, Dogecoin.

DOGE Price
The inception of this token ties back to August 2024, when Elon Musk jested about forming a Government Efficiency Division (D.O.G.E.) under a speculative second Trump regime. Crypto innovators quickly acted, launching the D.O.G.E. token soon after Musk's humorous commentary.
Post-launch, the token displayed strong market resilience, with its valuation burgeoning over 1,400%. The current market cap notes $161 million as indicated by recent trade stats.
Concurrently, the original Dogecoin also celebrated significant growth. On the day of the election, DOGE rose to $0.21, marking a high not seen in seven months. This climb aided Dogecoin's market cap surpassing that of XRP, elevating it to the seventh-largest crypto asset, valued at $30 billion.
Links between trading indicators for both tokens and Elon Musk’s public engagements and social media actions were apparent. Last September, after Trump shared Musk’s comments about the make-believe department, both tokens promptly gained momentum.
An essential occasion took place when Musk featured at Trump’s rally in Madison Square Garden last month. Post his discussion about the D.O.G.E. department, the token achieved a fresh peak price. Consequently, Dogecoin rose by 12%, reaching nearly $0.16.
The interconnection between political happenings and token valuations became notably clear on the election day event with Musk and Trump together. Post this appearance, D.O.G.E. token values shot up approximately 250%, while Dogecoin observed a 17% gain.
D.O.G.E.’s trading activity visibly soared. Noteworthy data indicates a 24-hour trade volume of $41.4 million, marking a 192% rise from the prior day.
Having a capped supply of a billion, D.O.G.E. boasts all tokens in current circulation. Prominent trading platforms include XT.COM, with the DOGE/USDT pairing dominating activity levels.
Price trajectory evidences D.O.G.E. setting its all-time high at $0.1923 on November 8, 2024, a stark rise from its all-time low of $0.00009953 noted on September 2, 2024.
For investors and traders eyeing the token, it’s accessible on both centralized and decentralized exchanges. Most vigorous trading occurs on XT.COM, with more options available on platforms like AscendEX and Raydium.
MetaMask users can add the token via the contract address: 0x1121acc14c63f3c872bfca497d10926a6098aac5.
Current market trajectories reveal D.O.G.E. outperforming both the global crypto market and other tokens within the Ethereum network. While the general crypto sphere saw a 10.9% jump, and Ethereum-based tokens grew by 12.7%, D.O.G.E.’s weekly rise of 290.6% is particularly noteworthy.