The Dogecoin price has been getting boosts over the years thanks to social media stunts from Dogecoin ‘godfather’ Elon Musk. While simply being one of the biggest whales on the DOGE platform, he exacts massive influence on the token's price.

Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.

A penny-pinching tactic proposed by Elon Musk's Department of Government Efficiency could be getting rid of the penny itself.