Dogecoin Jumps 8% After Elon Musk Donates $75 Million to Trump’s Election, Will Dogecoin Reach $1?

Elon Musk, a well-known fan of the meme coin Dogecoin, has donated nearly $75 million to a U.S. political action committee to support Donald Trump in his presidential race. Musk has also pushed efforts related to the proposed Department of Government Efficiency (DOGE) and the Trump campaign, currently across Pennsylvania.

Elon Musk Donates a Massive $75 Million to the U.S. Election

Billionaire businessman Elon Musk has boosted Donald Trump’s presidential campaign by donating nearly $75 million in donations to the U.S. Political Action Committee (PAC), a pro-Republican group. The donation has catapulted Musk into the top donor list for Trump’s reelection bid.

Musk created the committee to support candidates who support core values ​​of “secure borders, sensible spending, safe cities, a fair justice system, free speech, and self-protection.” The group has already spent more than $96 million to boost Trump’s reelection campaign, according to the independent nonprofit OpenSecrets.

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