- BABYDOGE’s price surged by 96%, and trading volume spiked by 3,139% after Elon Musk’s endorsement.
- The meme coin’s market cap reached nearly $700 million amid the rally.
- Concerns grow over token unlocks and sell pressure, with $12M tokens unlocked since November.
BABYDOGE’s price has doubled in the past 24 hours after a mention from Elon Musk sent the market into a frenzy.
In a post on X on Saturday, Musk shared a picture of himself carrying a boy on his shoulders, with inscriptions labeling him “Dogefather” and the boy “Dogeson.” Musk explicitly noted that the image represented both DOGE and MiniDOGE.
The crypto community quickly took notice of this development. Dogecoin saw a notable 10% spike in its price, but BABYDOGE experienced the most significant impact from Musk’s latest endorsement.
BABYDOGE Price Reacts
Specifically, BABYDOGE saw its price surge from $0.000000002366 to as high as $0.000000004625. This marked a giant 96% increase within 24 hours following Musk’s endorsement. The meme coin didn’t stop there.
According to CoinMarketCap, its market cap skyrocketed to nearly $700 million, and 24-hour trading volume increased by 3,139% t…
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