Trump’s Official Watch Now On Sale, Accepting Bitcoin and TRUMP Tokens – A Bold Move from the New President

The Department of Government Efficiency (DOGE) is reportedly being led by Elon Musk and a team of highly skilled yet inexperienced 20-year-old autistic engineers, according to Wired. Under Musk’s leadership, these young programmers are radically disrupting the federal bureaucracy, allegedly forcing high-level General Services Administration (GSA) employees to justify their work by meticulously reviewing the code they’ve written.

Despite their limited professional backgrounds, these individuals have been granted A-suite level clearance, a designation typically reserved for top government officials and executives. In a striking example of their rapid ascent, one of these engineers is said to have only recently graduated high school. Their presence signals a dramatic shift in how government operations are being evaluated, with technical efficiency and software development taking precedence over tenure or experience in the agency.

Musk, known for his aggressive approach to efficiency and automation, has reportedly given these engineers broad authority to cut through bureaucratic inefficiencies, challenging long-standing norms within the government. The stark contrast between these young technocrats and long-serving bureaucrats has created an unprecedented dynamic. Imagine spending three decades navigating government procedures, building a career in federal administration, only to find yourself answering to—or even being dismissed by—a 17-year-old autistic coder wielding nothing but a laptop and technical expertise.

You might ask—how efficient is this team? In less than a week, Musk’s efficiency team successfully terminated 22 government leases, relocating agencies from underutilized “ghost buildings” into existing office space. The result? An impressive $44.6 million in taxpayer savings—up from just $1.6 million a few days prior. And the numbers continue to improve at a dramatic pace, with the total savings up to 1B!

Musk’s involvement has only added to the controversy surrounding DOGE, raising questions about the future of traditional public sector roles, the role of automation in government oversight, and whether this Silicon Valley-inspired approach can truly deliver on the promise of a leaner, more effective administration. Some see it as a much-needed shake-up, while others fear it could lead to chaos and instability in essential government functions.

U.S. President Donald Trump’s memecoin (TRUMP) will undergo a major token unlock next week, with the team behind the project set to receive $320 million, around 20% of the circulating supply. This news might disappoint the thousands of investors who reportedly lost a collective $2 billion after purchasing the token in January.

TRUMP currently trades at $8.03, having lost 83% of its value since Jan. 18, two days before Trump was inaugurated as president. Token unlocks are usually seen as bearish events, as they introduce new supply into the market without creating additional demand. However, sometimes the market anticipates these events, leading to prices falling to new lows before the actual release.

Data from Dune indicates that there are 637,000 unique TRUMP token holders, down from 817,000 at launch. Additionally, there are now only 12,000 wallets holding more than $1,000 worth of TRUMP, a significant decrease from Jan. 19 when 143,000 wallets held that amount or more.

It is uncertain whether Trump and his team will sell the unlocked memecoins next week, but selling on the open market could have catastrophic consequences. The current market depth is between $980K and $2 million, so $320 million in sell pressure would likely cause the price to plummet.

The memecoin market, in general, has lost much of its previous hype, as the initial excitement surrounding retail investors looking to make quick profits on newly launched memecoins has faded. This has resulted in a decrease in the memecoin market cap from $119 billion in December to $45 billion today, according to CoinMarketCap.

Bitcoin’s early days saw the rise of a tradition that rewarded users with free bitcoin (BTC) for solving a simple CAPTCHA. Charlie Shrem, a prominent figure in the Bitcoin community, hinted at the revival of the Bitcoin Faucet, reminiscent of the one created by Gavin Andresen in 2010.

The faucet was known for distributing 5 BTC per user to their wallets when the value of the token was incredibly low. Today, each of those transactions would be worth nearly $500,000 at current prices. The website is currently not live with rewards and holds zero BTC as of early U.S. hours on Monday.

The original purpose of the faucet was to introduce new users to the Bitcoin network during a time when obtaining or mining BTC was complex and required technical expertise. Andresen initially funded the faucet with 1,100 BTC as a way to organically grow the network. The initiative was a success, as thousands of users were introduced to Bitcoin through the faucet, receiving small fortunes for free.

Although the payouts eventually decreased to fractions of a BTC before the faucet shut down, its cultural impact remained significant, especially as BTC prices soared over the years.