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.

As Musk's government cost-cutting push dominates headlines, Doge lovers have mixed emotions about its close affiliation with the meme world’s top dog.

U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with DOGE to provide assistance to address "big problems."