BABYDOGE experienced a significant price surge of 96% along with a massive increase in trading volume by 3,139% following an endorsement by Elon Musk. This uptick in activity saw BABYDOGE's price doubling within a short span of 24 hours, creating a notable frenzy in the market.
Elon Musk, a prominent figure in the tech industry, made a mention of BABYDOGE on the social media platform X. This mention was accompanied by a personal photo, driving attention and investor interest toward the cryptocurrency.
The market's reaction to Musk's influence underscores the power of social media and endorsements in shaping cryptocurrency trends, emphasizing the speculative and volatile nature of such assets.
