TechFlow news, October 16 — According to CoinDesk, Dogecoin (DOGE) surged 10% over the past 24 hours, breaking above the $0.12 mark, amid growing social media buzz around Elon Musk's "Department of Government Efficiency." Musk recently donated $75 million to a pro-Trump political action committee and publicly proposed establishing a government efficiency department matching the DOGE acronym, further fueling market attention on the meme coin.
Musk’s close ties with Trump and their recent interactions have heightened market expectations for greater future support of Dogecoin, especially in the event of a Trump victory. With trading volume and open interest (OI) in DOGE-related futures spiking, investor interest in the token has clearly intensified.
