Baby Doge Coin Surges Over 75% After Elon Musk Tweet
News

Baby Doge Coin Surges Over 75% After Elon Musk Tweet

Posted on by Amelia Pressman

Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.

While Bitcoin (BTC) recently showed volatility after hitting a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outperformed market conditions.

BABYDOGE’s price rose from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.

Baby Doge
Source: CoinGecko

Musk has shown his influence in the crypto market before. Recall how his previous tweets about Dogecoin (DOGE) triggered a price surge and eventually a lawsuit.

The Tesla founder tweeted a photo of himself and his son along with the words “Dogefather” and “Dogeson,” stylized like the logo of the 1972 film “The Godfather.” In response to the tweet, he mentioned “Doge & Minidoge.”

Following the tweet, the price of DOGE jumped over 4% and BABYDOGE rose over 75%.

BABYDOGE’s official X account also responded to the tweet: “You mean Babydoge?”

On December 5, the Baby Doge team tweeted: “In the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk posts next.”

On the development side, the Meme Coin team has been working on the launch of its meme token launch platform called Puppy.fun.

BABYDOGE also recently terminated its token contract on Solana (SOL). The meme coin, which was initially launched on the BNB chain, has now expanded to the Solana network. At the end of November, Binance also announced a new spot listing for BABYDOGE.

BABYDOGE’s recent surge amid the volatile market conditions could be primarily due to Musk’s tweet, alongside their team’s general developments.

Leave a Reply

Your email address will not be published. Required fields are marked *