Baby Dogecoin, a member of the Dogecoin family, saw its price go up by more than 75% after people thought Elon Musk supported it. The value of the memecoin jumped from $0.0000000002443 to $0.0000000004448 in just one day.
Elon Musk shared a Godfather-themed image with his son, calling it “Doge” and “Minidoge” in a tweet. The crypto community took this as a hint that he likes Dogecoin and Baby Dogecoin.
The tweet caused a reaction in the market, with Dogecoin going up by 4% and Baby Dogecoin increasing by a big 75%. The Baby Dogecoin community tried to talk to Musk about his tweet to get more information, but he didn’t answer them.
The Baby Dogecoin team is making a new tool called “Puppy Fun” to create memecoins, which will compete with other tools like Pump Fun and SunPump. This new tool will help create more chances to invest in the project.
Baby Dogecoin has also started being used on the Solana network, where it has created its own token. This makes the memecoin work on more networks, starting with the BNB Chain.
The recent increase in price and the expansion of the network show that Baby Dogecoin is becoming more important in the cryptocurrency market.
