This has to be a joke," a former U.S. Digital Service employee recalled thinking on January 20 after seeing President Donald Trump's executive order renaming her agency the United States DOGE Service—a reference to the Elon Musk-backed Department of Government Efficiency.

Memecoins are rallying, with Dogecoin (DOGE) up 10.3%, Shiba Inu (SHIB) gaining 5.5%, and Pepe (PEPE) rising 5.7% in the past 24 hours. The Official Trump (TRUMP) token surged 20.6%, while Bonk (BONK) climbed 11.7%. Overall, the memecoin market is seeing renewed momentum, with trading volumes soaring past $9.38 billion in the last 24 hours.