Elon Musk held a town hall in Folsom, Pennsylvania on Thursday where he gave a plug to Dogecoin, causing the price of the memecoin to surge 15% in 24 hours. Speaking to promote Donald Trump’s presidential candidacy, an audience member asked the tech billionaire about an idea he has floated to create a “Department of Government Efficiency.”

Dogecoin (DOGE) surged more than 8% in the last 24 hours after Elon Musk unveiled plans for a proposed “Department of Government Efficiency” (D.O.G.E),

Dogecoin price is showcasing a massive bullish surge after traders factor in its association with Tesla CEO Elon Musk,

Dogecoin's value surged after Elon Musk mentioned it during a town hall meeting in Pennsylvania. Musk's playful comment led to a 6.8% increase in value, with a market capitalization of $19.3 billion. The Doge community sees Musk's remarks as an endorsement, impacting the coin's performance.

Elon Musk's favorite cryptocurrency, Dogecoin (CRYPTO: DOGE), became one of the biggest market gainers in the last 24 hours, most likely due to his social media activity.

Dogecoin has jumped 10% in the past 24 hours to lead top meme coin gains as DOGE likely benefits from Elon Musk comments

The price of %Dogecoin (CRYPTO: $DOGE) has risen 7% in the last day and is up 22% over the past week as %Tesla (NASDAQ: $TSLA) chief executive officer (CEO) Elon Musk promotes the %Memecoin. Musk has been touting Dogecoin at several campaign rallies he’s attended with U.

The price of Dogecoin ($DOGE) has gained 7% in the last 24 hours and is up 22% over the past week as Tesla ($TSLA) CEO Elon Musk promotes the