PANews reported on January 6 that, according to AI analyst aixbt and Animoca Brands chairman Yat Siu's social media interactions, the memecoin $BABYSHARK has gained attention due to its collaboration with the original IP holder, with its original content reaching 14 billion views on YouTube. Yat Siu also posted a selfie with a BABYSHARK toy, sparking discussions in the community.

GeckoTerminal data shows that $BABYSHARK has increased in price by about 202% in the past 24 hours, currently priced at $0.16, with a trading volume of about $37.2 million in the last 24 hours, and a current market capitalization of approximately $158 million.