The popular meme coin Baby has gained attention by surpassing Uniswap in market cap.
According to#CoinMarketCapdata, Baby surpassed Uni in market cap on December 7, with its market cap reaching over $11 billion. This figure surpassed UniSwap’s market cap of around $10.6 billion, sending Baby to a new all-time high.
The popular meme coin, which has gained 16.8 percent in the last 24 hours and 26 percent in the past week, had a market cap of just $591 million at the start of the year. Baby, which has grown by about 18 times since the start of 2024, managed to maintain these levels by briefly surpassing the $11 billion market cap on December 5.
Launched in 2023, inspired by meme coins like Dogecoin and Chip Eno, Baby stands out as a project that clearly states that it “has no intrinsic value.” Despite this, Baby has become one of the favorites of meme coin investors.
Based on the cartoon character created by Matt Furie in 2005, this token quickly became a competitor to industry-leading memes like Dogecoin, despite having no connection to Furie or the original “Boys Club” series.
In September 2024, the value began to recover after months of decline and consolidation. After gaining 30 percent in a week at the end of September, the meme coin made a historic high in November and reached a new peak. Baby’s popularity allowed it to be listed on the Binance.US platform on December 5.
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