Elon Musk to lead new government efficiency department named after Doge meme

Elon Musk will lead the new Department of Government Efficiency, known as "DOGE," alongside Vivek Ramaswamy. The name also references the popular Doge meme, which features a Shiba Inu dog and has inspired the cryptocurrency Dogecoin. The Doge meme began in 2010 when a Japanese teacher posted a photo of her dog, Kabosu. It gained popularity on Reddit, leading to humorous remakes and the creation of Dogecoin in 2013 as a joke by two software engineers. Dogecoin became widely recognized, especially after Musk's endorsements. Its price peaked in May 2021 and recently surged 157% following Trump's reelection, reaching a market cap of $53 billion amid rising interest in cryptocurrencies.