ETF analysts characterized the launch as another major inflection point for memecoin legitimacy, with early volume estimates near $11 million.

Trump administration officials acknowledged that the Department of Government Efficiency no longer operates as a “centralized” organization but insisted that the “principles” of the administration’s signature cost-slashing initiative remain alive and well.

Trump administration officials clarify that Department of Government Efficiency principles remain active in federal agencies despite reports that the centralized DOGE office no longer exists.

DOGE pledged a $1 trillion overhaul of the federal government, but in the end delivered a fraction of this while disrupting key government operations. Had it stayed on track with even Musk’s lower benchmark, savings should have averaged $55.6 billion per month or $555.56 billion total in the 10 months since its inception.

Less than a year after it was born, DOGE has officially lost its center. Scott Kupor, the director of the Office of Personnel Management, pushed back against a recent article from Reuters quoting him as saying DOGE "doesn't exist" and is not a "centralized entity" anymore.

As Kupor explained, a “centralized agency” was no longer necessary, since OPM had “taken over many of DOGE’s functions” after Musk left the agency last May. Around that time, DOGE staffers were embedded at various agencies, where they could ostensibly better coordinate with leadership on proposed cuts to staffing and funding.

The Department of Government Efficiency (DOGE), which launched an unprecedented assault to cut back the public sector as President Donald Trump stepped back into the White House in January, no longer exists, with eight months to go on its mandate, Reuters has reported.

Even though there are eight more months left on its mandate, DOGE is no longer a “centralized entity,” according to Kupor. Instead, the Office of Personnel Management, an existing independent agency that has been overseeing the federal workforce for decades, will be taking over most of DOGE’s functions.

The $0.1495 resistance level remains a significant barrier, while $0.144 serves as the last short-term support.

Politicians and think tanks offered analysis about the reported end of the Department of Government Efficiency. U.S. Office of Personnel Management Director Scott Kupor said “the principles of DOGE remain alive and well” in his agency,