Dogecoin is making headlines after President-elect Donald Trump announced the creation of the Department of Government Efficiency on X this past Wednesday. This meme coin was worth 16 cents on Election Day and has since more than doubled to a high of nearly 39 cents earlier today.

Musk and Vivek Ramaswamy were appointed by Trump to lead DOGE, which will function as an advisory committee outside of the government.

Billionaires Elon Musk and Vivek Ramaswamy are looking for "super high-IQ small-government revolutionaries" willing to work long hours to join their cost-cutting commission.