Recent rumors about Elon Musk potentially leaving a fictional 'Department of Government Efficiency' have drawn attention, but remain unverified.
Elon Musk’s Alleged Role in Non-Existent Agency
Elon Musk, CEO of Tesla, was recently rumored to announce his departure from the 'Department of Government Efficiency' during Tesla’s earnings call.
These claims lack validity, as neither Tesla's official channels nor Musk's social media accounts confirm the report. The allegations remain unofficial and speculative, as there are no U.S. government records supporting the existence of such a department or Musk's involvement in it.
Dogecoin’s Stability Amid Unverified Rumors
Historically, Elon Musk's tweets have caused significant fluctuations in Dogecoin's price, yet recent rumors have had no such impact due to the absence of official acknowledgment or documentation.
As of April 22, 2025, Dogecoin (DOGE) stands at $0.16, maintaining a market cap of $24.02 billion according to CoinMarketCap data. Despite the rumors, price activity shows minimal impact, with a 24-hour trading volume at $960.74 million, marking a change of 0.48%.
Conclusion on Rumors and Reality
No new developments or official communications regarding government affiliations with DOGE or Elon Musk have been reported. Rumors about Musk's role in a non-existent agency remain unsubstantiated and do not affect the market.
While rumors about Elon Musk's role in the 'Department of Government Efficiency' are being discussed, the facts remain on the side of skeptics. Dogecoin's stability underlines that the market does not react to unverified messages.
