Baby Doge Coin hits new peak: Baby Doge Coin (BABYDOGE) achieved a significant milestone, reaching a price of $0.000000006563. This contributed to a circulating market cap of $1.06 billion. Notably, this surge resulted in a remarkable 13% day increase, exceeding a weekly rise of 170%.
Elon’s tweet sparks interest: A tweet from Elon Musk, featuring cryptic references to ‘The Godfather,’ sparked speculation tying his endorsement to Baby Doge Coin’s success. This resulted in a substantial rise in its value, defying a 3.6% drop in the broader cryptocurrency market.
Whales and trading volume rise: The past 24 hours saw a trading volume of $1.52 billion, influenced by a 44% increase in futures open interest. Whale activity played a significant role in elevating the token’s liquidity, with large holders boosting net inflows by 10.21 trillion tokens in early December.