The Telegraph
Baby Doge Coin skyrocketed over 75% after Elon Musk shared a black-and-white tweet inspired by The Godfather.
While Bitcoin (BTC) has faced volatility recently after reaching a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has thrived in the current market conditions.
The value of BABYDOGE rose from a 24-hour low of $0.0000000002443 to a peak of $0.0000000004448 following Musk’s tweet.
Musk has previously demonstrated his power in the crypto market. Recall how his earlier tweets about Dogecoin (DOGE) ignited a price surge and eventually led to a lawsuit.
The Tesla CEO shared a picture of himself and his son alongside the words “Dogefather” and “Dogeson,” styled like the logo from the 1972 film “The Godfather.” In response to the tweet, he referenced “Doge & Minidoge.”
In the wake of the tweet, DOGE’s price increased by over 4%, while BABYDOGE surged by more than 75%.
The official X account of BABYDOGE responded to Musk’s tweet with, “You mean babydoge?”
On December 5, the Baby Doge team tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development front, the meme coin team is working on launching their meme token platform called puppy.fun.
BABYDOGE has also recently renounced their token contract on Solana (SOL). Originally launched on the BNB Chain, the meme coin has now branched out to the Solana network. In late November, Binance announced a new spot listing for BABYDOGE as well.
The recent rise of BABYDOGE amidst the fluctuating market conditions can largely be attributed to Musk’s tweet and the ongoing efforts by their team.
