Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin (BTC) has proven volatility lately following its push to a brand new all-time excessive of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market circumstances.
The value of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as excessive as $0.0000000004448 following Musk’s tweet.
Musk has proven his affect within the crypto market earlier than. Recall how his earlier tweets about Dogecoin (DOGE) triggered a value pump and, ultimately, a lawsuit.
The Tesla founder tweeted a photograph of himself and his son together with the phrases “Dogefather” and “Dogeson” stylized like the emblem of the 1972 movie “The Godfather.” As a reply to the tweet, he talked about “Doge & Minidoge”.
Following the tweet, the worth of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
The official X account of BABYDOGE additionally replied to the tweet, “You imply babydoge?”
On Dec 5, the Baby Doge group tweeted that “within the crypto world, the one factor extra unpredictable than BabyDoge’s subsequent transfer is what Elon Musk will submit subsequent.”
On the event aspect, the meme coin group has been engaged on launching their meme token launch platform referred to as pet.enjoyable.
BABYDOGE additionally lately renounced their token contract on Solana (SOL). The meme coin, which was initially launched on the BNB Chain, has now additionally expanded to the Solana community. In late November, Binance had additionally introduced a brand new spot itemizing for BABYDOGE.
The current surge of BABYDOGE amidst the risky market circumstances might primarily be attributed to Musk’s tweet alongside the general developments by their group.
