Elon’s post Mask on law enforcement agencies taken against Reddit users aimed at DOGE employees caused 5% growth of his favorite coin.
On February 4, the head of the government’s effectiveness, Elon Musk, reacted to the post from the popular Reddit, Reddit Lies account, exposing several anonymous Reddit users for the threat of employees of the department headed by musk and violence. Many posts require the implementation of these employees and hint to target them, knowing where they live.
Musk shared a post with his followers with the inscription “They [Reddit users] They violated the law ”, threatening employees related to the new department.
Soon after this, Musk shared the subsequent message, which was said in the US district in Colombia, Edward R. Martin Jr., Martin Jr. said that his team had an initial review of evidence showing individuals and groups clearly aimed at Dege employees.
Do not contact @doge pic.twitter.com/wgdjbxnzyg
– Elon Musk (@elonmusk) February 4, 2025
“We contact the FBI and other partners in law enforcement agencies in order to continue quickly. We also have our prosecutors prepared, ”said Martin Jr. in a public statement, accompanied by Musk, speaking“ Do not contact the Dog ”.
The buzz surrounding Doge Online obviously increased its token-namel, Dogecoin (DOGE). According to Crypto.news, Doge has grown by more than 5% over the past 24 hours. Shiba Inu coin currently sells hands at a price of $ 0.27.
Nevertheless, trading activities for the dog decreased. Over the past 24 hours, Dogecoin trading volume has fallen by more than 43% to $ 6 billion. The Dogecoin market capitalization is $ 40 billion, and its circulating offer is 147 billion tokens.
In November 2024, Donald Trump announced a new initiative aimed at optimizing federal operations, calling the program the Department of Government Efficiency. The abbreviation “DOGE” is a nod to the DOGECOIN Tiker, which is also the beloved cryptocurrency of Elon Mask.
Elon Musk was chosen to lead the rain with the politician Vivek Ramasva. Nevertheless, by the Ramasa said that he would leave the role of January 21.
