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Dogecoin (DOGE) shot up in value late Thursday after Telsa CEO and billionaire Elon Musk briefly mentioned the meme coin’s name during a town hall meeting in Folsom, Pennsylvania on Thursday. During the event at Ridley High School, an attendee asked Musk if he would head up a new “Department of Government Efficiency.” Musk responded with a lighthearted grin, “Yeah, Doge,” eliciting cheers and applause from the crowd.
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