Why Is Baby Dog Up 17% Today?

baby dog ​​coin babydog / usd Was up 17% in the last 24 hours leaving behind MemCoin dog coin doge/usd And Shiba Inu shib/usd Benefit.

What happened: Increase in babydog This comes after its decentralized exchange (DEX) hit an all-time high Total Value Locked (TVL), above $50 million according to Defilama.

It should be noted that on Thursday the team behind Meme Coin burned 682 trillion BabyDogs worth an estimated $1,091,200.

See more, Top Indian Apps That Offer Bitcoin, NFT Rewards

It should be noted that only a few weeks ago a tweet from the Baby Doge team announced a Burn Portal that has reached the preview stage, and has not yet been launched.

Elon Musk tweeted about the baby dog ​​on July 4, and it helped drive its price up 130% at the time. Musk’s message, referencing the viral children’s song “Baby Shark Dance” and YouTube’s most viewed video with 8.8 billion hits, said “Baby doge, doo, doo, doo, doo, doo.”

Price Action: At the time of writing this news, BABYDOGE is trading at $0.0000000017. DOGE was trading at $0.091, down 2% over the past 24 hours. According to Benzinga Pro.

Read next, Bitcoin, Ethereum, Dogecoin Faded as Bearish Post-Fed Rally: Analyst Says Apex Coin Looks Difficult to Break $25K

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