Elon Musk clarifies that his Department of Government Efficiency (DOGE) has no official connection to the Dogecoin cryptocurrency following recent speculation and market volatility. Following a recent town hall in Green Bay, Wisconsin, Musk confirmed there are no plans for government adoption of Dogecoin or any similar cryptocurrencies. This comes after previous hints linking Dogecoin to the department, including an appearance of the Dogecoin mascot on the agency’s portal, which has since been removed. 5.5% drop follows this clarification and concerns about DOGE’s future trajectory remain high. Market analysts warn that if Dogecoin falls below $0.15, it may signal a decline in its current bull phase, while others like Ali Martinez believe a recovery to $0.35 is possible as long as Dogecoin stays within its current rising channel.