Dogecoin (DOGE) is up more than 8% on Monday, as it's leading the entire meme coin sector on a rebound.
Dogecoin has been among the top trending cryptocurrencies in the past 24 hours following Elon Musk's post.
centers around a post from Tesla and X CEO Elon Musk, in which he referenced the Department of Government Efficiency, abbreviated as , which led the entire meme coin sector into recovery with an 8% rally in the past 24 hours. The rise has seen Global/In Out of the Money Conversely, it could also lead to a correction as some investors may want to sell immediately if they break even.
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