Recently, the price of Baby Doge Coin (BABYDOGE) soared over 75% after Elon Musk posted a black-and-white tweet inspired by “The Godfather”. Bitcoin has shown volatility recently after reaching a new all-time high of $103,900, while BABYDOGE has outperformed the market. Its price increased from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Musk has previously demonstrated his influence in the crypto market. His previous tweets about Dogecoin led to a price pump and eventually a lawsuit. This time, the Tesla founder tweeted a photo of himself and his son, along with the words “Dogefather” and “Dogeson”, styled like the logo of the 1972 film “The Godfather”. In a reply to the tweet, he mentioned “Doge & Minidoge”. After the tweet, the price of Dogecoin jumped over 4% and BABYDOGE rose by over 75%. The official X account of BABYDOGE also replied, asking “You mean babydoge?”
On the development front, the BABYDOGE team has been working on launching their meme token launch platform called puppy.fun. Recently, BABYDOGE also renounced its token contract on Solana. The meme coin, which was initially launched on the BNB Chain, has now expanded to the Solana network. In late November, Binance also announced a new spot listing for BABYDOGE. The recent surge of BABYDOGE in the volatile market conditions can be mainly attributed to Musk’s tweet and the overall developments of their team.
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