D.O.G.E Is Dead: The Meme-Department Collapses While Its Token Rallies Anyway

Ben Graham · Novembro 24

What did you spend your $5k DOGE refund check on, guys? Hope it was something good. Oh, wait… this is awkward. DOGE is dead. Trump’s Department of Government Efficiency was supposed to be the great bureaucratic bonfire of the modern presidency. Instead, the DOGE experiment died eight months early, quietly swallowed back into OPM oversight after Elon Musk and Vivek Ramaswamy left Washington and the project lost all direction.

So here’s the count for President Trump:

debt ceiling raised
doge defunct
only 300k deportations
increase of h1b student visas
strike against Iran
no deep state arrests / no Epstein accountability

I haven’t gotten what I voted for. So, here’s what you need to know:

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DOGE is Dead. The DOGE Token Surges in Spite of Reality

Late over the weekend, OPM director Scott Kupor confirmed DOGE’s dissolution, noting that “the department never existed as a centralized entity in the first place.”

“DOGE has been dissolved, and its duties are transitioning back into OPM,” said Scott Kupor.

The shutdown marks the end of Trump’s wildly ambitious plan to cut $6.5Tn in federal waste, a program launched on Day One of his second term that briefly electrified the Dogecoin DOGE $0.1450 1.44% Dogecoin DOGE Price $0.1450 1.44% /24h Volume in 24h $1.53B Price 7d Learn more crowd and even nudged markets.

Meanwhile, the tone roiling through pro-Trump message boards is a kind of gallows-humor disappointment with the blackly comic punchline being no checks for a couple of thousand dollars. some thought cost-cuts would free up.

DOGE, the crypto token created as a branding tailwind to the department, is trading at $0.1461 and up 2.6% on the day. Traders are treating the shutdown like a bullish catalyst rather than a post-mortem. Weird, eh?

Data from CoinGecko shows DOGE’s market cap climbing back above $30Bn and still in the top ten by Mcap. Much like memecoins tied to dead projects before it, DOGE is benefiting from speculative reflexes rather than fundamentals.

What the Collapse Means for Markets and Policy

The DOGE experiment revealed a hard truth: executive action can temporarily reshape agencies, but it cannot engineer lasting structural reform without congressional backing. Also, more importantly, President Trump was never serious about reducing government waste. The administration now pivots toward a slower modernisation strategy and away from shock-therapy governance.

Crypto markets, however, don’t care. As XRP, BTC, and the broader $3Tn market fight through a heavy macro backdrop, DOGE becomes yet another example of narrative overpowering fundamentals. For now, though, DOGE is dead.

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Key Takeaways

What did you spend your $5k DOGE refund check on, guys? Hope it was something good. Oh, wait… this is awkward.
The DOGE experiment revealed a hard truth that executive action can reshape agencies only temporarily.

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