DailySun
Baby Doge Coin experienced a remarkable increase of over 75% following a black-and-white Godfather-themed tweet from Elon Musk.
While Bitcoin (BTC) has faced recent fluctuations after reaching a new record high of $103,900, Baby Doge Coin (BABYDOGE) has surpassed prevailing market trends.
The value of BABYDOGE surged from a 24-hour low of $0.0000000002443 to a peak of $0.0000000004448 following Musk’s tweet.
Musk’s influence in the cryptocurrency market is well-documented. His previous tweets regarding Dogecoin (DOGE) have previously sparked significant price increases, leading to legal actions.
The Tesla CEO shared a photo of himself with his son, captioned with “Dogefather” and “Dogeson” in a style reminiscent of the iconic 1972 film “The Godfather.” In his response to the tweet, he referenced “Doge & Minidoge.”
In the aftermath of the tweet, DOGE’s value climbed by over 4%, while BABYDOGE soared by more than 75%.
The official X account for BABYDOGE also chimed in, asking, “You mean babydoge?”
On December 5, the Baby Doge team tweeted that “within the crypto space, the only thing less predictable than BabyDoge’s next move is Elon Musk’s upcoming posts.”
From a development perspective, the team has been focusing on launching their meme token platform, puppy.fun.
Moreover, BABYDOGE has recently renounced its token contract on the Solana (SOL) network. Originally launched on the BNB Chain, the meme coin has now extended its presence to Solana. In late November, Binance also announced a new spot listing for BABYDOGE.
The recent spike in BABYDOGE’s value amidst a volatile market is largely attributed to Musk’s tweet and the ongoing advancements from their development team.
