After Elon Musk posted a black-and-white tweet inspired by The Godfather, Baby Doge Coin surged by over 75%.
While Bitcoin recently experienced fluctuations after hitting a historic high of $103,900, Baby Doge Coin (BABYDOGE) has outperformed the market conditions.
Following Musk's tweet, the price of BABYDOGE skyrocketed from a 24-hour low of $0.0000000002443 to as high as $0.00000000004448.
Musk has previously demonstrated his influence in the crypto market. Recall how his earlier tweets about Dogecoin triggered price surges and ultimately led to lawsuits.
The Tesla founder posted a picture of himself and his son on Twitter, along with the words 'Dogefather' and 'Dogeson', styled similarly to the logo of the 1972 film The Godfather. In response to the tweet, he mentioned 'Doge & Minidoge'.
After the tweet was posted, the price of DOGE rose by over 4%, and BABYDOGE increased by over 75%.
The official X account of BABYDOGE also replied to the tweet, saying, 'Are you talking about babydoge?
On December 5, the Baby Doge team stated on Twitter, 'In the crypto world, the only thing more unpredictable than BabyDoge's next move is what Elon Musk will post next.'
Recently, the meme project with the Musk concept Marvin (7055) has garnered significant market attention, has a low market cap, and an active community, so it might be worth checking out.