Baby Doge Coin surged over 75% after Elon Musk posted a tweet inspired by the black and white Godfather.
While Bitcoin (BTC) showed recent volatility after its push to a new high of $103,900, Baby Doge Coin (BABYDOG) exceeded market conditions.
BABYDOGE’s price rose from a 24-hour low of $0.0000000002443 to $0.0000000004448 after Musk’s tweet.
Musk has shown his influence in the crypto market before. Remember how his previous tweets about Dogecoin (DOGE) activated a price pump and eventually a lawsuit.
The Tesla founder tweeted a photo of himself and his son with the words “Dogefather” and “Dogeson” stylized as the logo from the 1972 movie “The Godfather.” In response to the tweet, he said “Doge & Minidoge”.
After the tweet, the price of DOGE jumped more than 4%, and BABYDOGE increased by more than 75%.
BABYDOGE’s official X account also replied to the tweet, “You mean babydoge?”
On December 5, the Baby Doge team he tweeted that “in the crypto world, the only thing more unpredictable than BabyDoge’s next move is what Elon Musk will post next.”
On the development side, the meme coin team has been working to launch their meme token launch platform called puppy.fun.
BABYDOGE also recently relinquished his token contract on Solana (SOL). The meme coin, which was initially launched on the BNB Chain, has now also been extended to the Solana network. At the end of November, Binance had also announced a new spot list for BABYDOGE.
BABYDOGE’s recent growth amid volatile market conditions could be mainly attributed to Musk’s tweet alongside the overall evolution from his team.
