Dogecoin (DOGE) recorded a notable uptick to $0,1470, outperforming several blue chips and stoking expectations of institutionalization. One day earlier, the department called D.O.G.E. —Department of Government Efficiency— announced its dissolution on 23 November, closing a public experiment in administrative optimization earlier than planned.
DOGE’s rise to $0,1470 was highlighted in sector indexes and attributed largely to renewed expectations around a possible Dogecoin ETF. The price move had a strong speculative component: weeks earlier, on 5 November, DOGE posted a 5% drop to $0,16 and lost psychological supports such as $0,18, illustrating the high volatility that conditions rapid capital inflows and outflows.
For traders and treasuries, the episode combines opportunity and risk: the potential entry of institutional flows can broaden liquidity, but exposure to sharp pullbacks tied to sentiment and social networks remains.
The immediate operational takeaway is caution in position sizing and attention to OI indicators in derivatives to avoid leverage that amplifies losses.
DOGE rally and market dynamics
The Department of Government Efficiency was dissolved on 23 November 2025, eight months before the scheduled closure in July 2026; it was, according to reports, driven by Elon Musk. Cited reasons include lack of effectiveness, absence of a clear purpose and what reports described as a ‘political rug-pull’.
In addition, employees were reportedly reassigned within the administration and the initiative faced internal scrutiny and complaints. The comparison between the two episodes is illustrative: DOGE emerged as a bottom-up phenomenon subject to community and market forces; D.O.G.E. was a top-down attempt to apply Silicon Valley logics to public governance and ended up revealing institutional frictions hard to resolve from above.
The simultaneous parenthesis of the DOGE rally and the collapse of the governmental experiment underscores a tension between decentralized models and centralized reform efforts.
