President-elect Donald Trump is promoting DOGE shirts after appointing billionaires Elon Musk and Vivek Ramaswamy as heads of the newly-coined Division of Authorities Effectivity, or DOGE for brief — a reference to Musk’s favourite cryptocurrency, Dogecoin.

The rudimentary shirts are on sale for $28 on Trump’s official marketing campaign web site. Amidst an orange-washed background of Mars, Musk and Trump’s face are plastered under ‘D O G E’. Peeking over their shoulder is a bit of Shiba Inu, the official Dogecoin mascot.

Following the thinly-veiled announcement of the Division of Authorities Effectivity, $DOGE’s quantity rose to $47 billion. Nevertheless, its price and market cap remained comparatively secure.

It was broadly anticipated that Musk can be appointed to an advisory or cupboard position, which can clarify why $DOGE price hasn’t continued to surge.

That is Musk’s newest try to shamelessly pump (and certain revenue) from his favourite cryptocurrency. Protos has beforehand tracked Dogecoin’s price following Musk’s promotional posts on X, revealing that DOGE pumped up to 32% after he tweeted in regards to the memecoin.

Learn extra: CHART: Dogecoin market cap now larger than 60% of S&P 500

The billionaire posted in regards to the token 30 occasions on 22 completely different days, between Might and November 2021 alone. Since then, Musk momentarily modified Twitter’s emblem to the DOGE mascot, which led to a 30% price pump.

Dogecoin traders famously sued Musk for allegedly orchestrating these “publicity stunts” to pump and promote at a revenue. Nevertheless, Musk managed to get the lawsuit dismissed in late August.

Acquired a tip? Ship us an e mail or ProtonMail. For extra knowledgeable information, observe us on X, Instagram, Bluesky, and Google Information, or subscribe to our YouTube channel.