Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet
Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet.
While Bitcoin
has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions.
The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet.
Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%.
BABYDOGE also recently renounced their token contract on Solana
. The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE.
The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team.