PANews reported on October 19 that according to (Fortune), during Musk's speech in Pennsylvania to promote Donald Trump's presidential campaign, an audience member asked Musk about Trump's promise to appoint him to lead the "Department of Government Efficiency" in the future. Musk replied: "Yes, Dogecoin (DOGE)".

Yesterday, Musk further disclosed the "Department of Government Efficiency" plan during Trump's campaign, driving the rise of DOGE tokens.