Billionaire Elon Musk, Tesla boss and owner of the X social media behemoth, has reacted to a comment to his post made by a @DogeDesigner user (a member of the Dogecoin team, according to his bio).
That reaction was full of enthusiasm since DogeDesigner made a big hint at DOGE – the iconic meme cryptocurrency loved by Musk.
“$4.20 billion per day” – DOGE number for D.O.G.E.
In an X post published almost ten hours ago, Elon Musk shared some thoughts on reducing the federal deficit as part of his job as the head of the US Department of Government Efficiency – D.O.G.E. with a @DOGE account on the X network.
Musk stated that in order to reduce the deficit from $2 trillion to $1 trillion it is necessary to cut down roughly $4 billion per day on average in projected spending 2026 from the present moment to September 30.
The DogeDesigner user commented, suggesting that this figure should be raised to $4.20 billion per day. That was a clear hint at 4.20 – the “Doge number” which was widely associated with smoking weed prior to the appearance of memes and Dogecoin. The Dogecoin Day is now celebrated every year on April 20. Last year, the fourth Bitcoin halving event took place on that day.
🚀 https://t.co/eeGdBkG7yK
— Elon Musk (@elonmusk) January 31, 2025
Musk reacted with a “rocket” emoji.
DOGE and other crypto may fall if D.O.G.E. succeeds per Musk
Earlier this month, Elon Musk made an important statement, saying that if his work at the Department of Government Efficiency is a success, top cryptocurrencies, including Dogecoin, are likely to fall in price significantly.
On January 7, Musk responded to a tweet published by the founder of Y Combinator Garry Tan. Tan said that he bets on Dogecoin to skyrocket should Elon Musk succeed with D.O.G.E. and reduce inflation.
Musk commented, saying that if the D.O.G.E. team manages to solve dollar inflation, “the price in dollars to buy cryptocurrency will actually drop, other things being equal.”
At the start of the week, the iconic meme cryptocurrency DOGE increased by 9.84%, hitting $0.33869. Since then, Dogecoin has been moving sideways, holding around the $0.33242 level.
On Monday, DOGE hit a local low after a massive weekly crash of 23% as it fell from the $0.40145 price mark.
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