D.O.G.E. Zooms 48% Higher Ahead Of Elon Musk-Led Agency Launching In January: 'Ready For The Next Leg Up,' Millionaire Trader Vows

The Department Of Government Efficiency (D.O.G.E.) meme coin is gaining steam, with traders predicting further upward movement ahead of the eponymous government agency launching under the Trump administration.

What Happened: Crypto trader Unipcs highlighted a reversal playing out for the meme coin, potentially setting the stage for the next rally. D.O.G.E is up 48% over the past 24 hours, trading around a valuation of $140 million.

After reaching all-time highs, D.O.G.E underwent an 82% correction over six weeks—a pattern commonly observed in meme coins.

This sharp decline followed a parabolic 4,000% rally within a month, which itself came after a two-month phase of correction and consolidation.

Over the last month, the D.O.G.E. meme coin dropped 48.7%, reflecting market volatility but also laying the groundwork for a potential rebound.

Also Read: Dogecoin Turns Green As Trump Appoints Loyalist Katie Miller To The Department Of Government Efficiency

What's Next: The Department of Government Efficiency is poised to play a key role in shaping Trump's administration policies, drawing public attention and fostering narratives around efficiency and reform.

Traders anticipate the launch event could act as a major driver for both the Department of Government Efficiency meme coin and Dogecoin DOGE/USD, fueling speculative momentum and increasing visibility for both coins.

Dogecoin is up 6.6% over the past 24 hours.

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