Baby Doge Coin soared more than 75% after Elon Musk posted a black-and-white tweet inspired by The Godfather.
While Bitcoin (BTC) has shown volatility recently after reaching an all-time high of $103,900, Baby Dogecoin (BABYDOGE) has outperformed market conditions.
Following Musk’s tweet, BABYDOGE’s price rose from a 24-hour low of $0.0000000002443 to a high of $0.0000000004448.
Musk has previously exerted influence in the cryptocurrency market. Recall that his previous tweets about Dogecoin (DOGE) caused a price spike and ultimately led to a lawsuit.
The Tesla founder tweeted a photo of himself and his son with the words “Dogefather” and “Dogeson” stylized like the logo from the 1972 movie “The Godfather.” In response to the tweet, he mentioned “Doge & Minidoge.”
Following the tweet, DOGE’s price skyrocketed by more than 4% and BABYDOGE’s price rose by more than 75%.
BABYDOGE’s official X account also replied to this tweet, saying, “What about BabyDoge?”
On December 5th, the Baby Doge team tweeted, “In the world of cryptocurrencies, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the memecoin team is working on launching a memetoken launch platform called puppy.fun.
BABYDOGE also recently abandoned its token contract on Solana (SOL). Memecoin was initially launched on the BNB chain, but has now expanded to the Solana network as well. In late November, Binance also announced a new spot listing of BABYDOGE.
BABYDOGE’s recent surge amid volatile market conditions can be primarily attributed to Musk’s tweets, along with overall development by the team.
