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Cryptocurrency News Articles

Elon Musk's DOGE Reportedly Aims to Save the Federal Government Up to $2 Trillion

Jan 29, 2025 at 03:01 am

These rumors come to join a recent report from Bloomberg that indicated that the head of Tesla (TSLA) was currently holding talks with senior officers

Elon Musk's DOGE Reportedly Aims to Save the Federal Government Up to $2 Trillion

The price of MOVE surged by 20% in the early hours of today, January 20, and it seems to be unstoppable as the token continues to rally.

The massive surge in MOVE’s price comes amid rumors that suggest Elon Musk’s team is discussing the possibility of using the layer-two scaling solution for the meme coin, Dogecoin (DOGE).

According to the rumors, Musk’s team is exploring the use of blockchain technology to optimize the operations of the Department of Defense (DoD).

This move is part of Musk’s broader plan to cut costs and save the federal government up to $2 trillion.

While the rumors do not explicitly mention the use of MOVE, the token is currently the best-known and most widely used layer-two scaling solution for DOGE.

If Musk’s team does decide to use MOVE, it would be a major development for both the token and the meme coin.

MOVE Surges 20% On Rumors Of Elon Musk’s Team Discussing Use Of Layer-Two Scaling Solution For Meme Coin

The price of MOVE surged by 20% in the early hours of today, January 20, and it seems to be unstoppable as the token continues to rally.

The massive surge in MOVE’s price comes amid rumors that suggest Elon Musk’s team is discussing the possibility of using the layer-two scaling solution for the meme coin, Dogecoin (DOGE).

According to the rumors, Musk’s team is exploring the use of blockchain technology to optimize the operations of the Department of Defense (DoD).

This move is part of Musk’s broader plan to cut costs and save the federal government up to $2 trillion.

While the rumors do not explicitly mention the use of MOVE, the token is currently the best-known and most widely used layer-two scaling solution for DOGE.

If Musk’s team does decide to use MOVE, it would be a major development for both the token and the meme coin.

DOGE price Surges by 5% as Elon Musk’s Team Considers Layer-Two Scaling Solution

The price of DOGE surged by 5% in the early hours of today, January 20, as rumors suggest that Elon Musk’s team is considering the use of a layer-two scaling solution for the meme coin.

According to the rumors, Musk’s team is exploring the use of blockchain technology to optimize the operations of the Department of Defense (DoD).

This move is part of Musk’s broader plan to cut costs and save the federal government up to $2 trillion.

While the rumors do not explicitly mention the use of DOGE, the meme coin is currently the best-known and most widely used cryptocurrency.

If Musk’s team does decide to use DOGE, it would be a major development for both the cryptocurrency and the meme coin.

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Other articles published on Jan 31, 2025