Baby Doge Coin surges over 75% following Elon Musk tweet
Baby Doge Coin jumped over 75% after Elon Musk posted a black and white tweet inspired by The Godfather.
While Bitcoin (BTC) recently showed volatility after hitting a new all-time high of $103,900, Baby Doge Coin (BABY DOGE) exceeded market conditions.
The price of BABYDOGE fell from a 24-hour low of $0.0000000002443 to $0.0000000004448 following Musk’s tweet.
Musk has already shown his influence in the crypto market. Remember how his previous tweets about Dogecoin (DOGE) triggered a price rise and, ultimately, a trial.
The Tesla founder tweeted a photo of himself and his son alongside the words “Dogefather” and “Dogeson” stylized like the logo from the 1972 film “The Godfather.” In response to the tweet, he mentioned “Doge & Minidoge.”
Following the tweet, the price of DOGE jumped by more than 4% and that of BABYDOGE by more than 75%.
The official BABYDOGE X account also responded to the tweet: “You mean babydoge?
December 5, Team Baby Doge tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will release next.”
On the development side, the Meme Coin team has been working on launching its Meme token launch platform called Puppy.fun.
BABYDOGE also recently renounced its symbolic contract on Solana (GROUND). The meme coin, which was initially launched on the BNB channel, has now also expanded to the Solana network. At the end of November, Binance also announced a new spot listing for BABYDOGE.
BABYDOGE’s recent rise amid volatile market conditions could be primarily attributed to Musk’s tweet as well as their team’s overall developments.
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