Musk said: This will be Trump’s last campaign, Memecoin surged 33,000%!

Elon Musk suggests that if Donald Trump does not win in November, it may be his final campaign. This comes alongside a significant surge in the memecoin, “US Government Efficiency Committee” (DOGE), which skyrocketed over 33,000% from its September lows before retreating to $0.01989.

Musk Warns of Trump's Potential Final Election Amid Concerns Over Immigration Policies

Musk asserts, “Few Americans realise this could be Trump's last election.” He raises concerns about the Biden-Harris administration’s handling of immigration in key swing states, which he believes could influence election outcomes.

Musk has indicated a willingness to join the proposed government efficiency committee suggested by Trump.

Trump Lauds Musk as 'Best Layoff Artist,' Promises Role in Efficiency Committee if Re-Elected

During discussions on job cuts at Tesla, Trump praised Musk, stating, “You are the best layoff artist. I need someone like you—powerful, courageous, and wise.” Trump has promised that if re-elected, Musk will lead the proposed efficiency committee.

Musk currently oversees Twitter (now X), Tesla, and SpaceX.

Read more: Musk’s latest post publicly supports Trump and Dogecoin, triggering another wave of Dogecoin craze

DOGE Surges 33,000% Amid Kabosu Tribute and NEIRO Token Growth

Over the weekend, the DOGE memecoin reached a high of $0.028, reflecting a remarkable rise of over 33,000% compared to September's lows.

Source: CoinMarketCap

Following the passing of Kabosu, the original Shiba Inu mascot, its owner announced a new family member, Neiro, which has contributed to a monthly surge of over 16% in the NEIRO Ethereum token.

Source: CoinMarketCap

Read more: DOGE Soars 8.10% After Musk's Playful Dig and Surge in Whale Activity

JPMorgan's Jamie Dimon Backs Musk's Efficiency Committee for Government Accountability

JPMorgan CEO Jamie Dimon, known for his scepticism towards Bitcoin, recently endorsed Musk’s committee idea during an interview at an investor summit in India. He stressed the need for accountability and operational efficiency within the U.S. government, echoing Musk's vision.

Dimon emphasised the importance of scrutinising taxpayer funds, aligning with the committee's goals to audit federal spending and reduce waste. “We need to do this,” he stated, indicating that other nations might also benefit from similar reforms.

The intertwining of cryptocurrency with political narratives raises concerns about speculative bubbles and the integrity of financial systems.