Doge

Whale transactions and large withdrawals from exchange signal demand for the largest memecoin by market capitalization.

DOGE’s price has surged 78% since Trump’s election win a week ago.

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.

Much of the current rally has been fueled by bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration.

DOGE’s weekly price chart mirrors the late 2020 set-up that paved the way for a 1,500% price rise.

DOGE prices zoomed a further 14% on Sunday, pushing the token above XRP to make it the seventh-largest by market capitalization.

“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win,” one trader said.