Elon Musk on Thursday posted another tweet about his favorite cryptocurrency Dogecoin (DOGE). However, a completely different token – Baby Doge Сoin (BABYDOGE) – has more than doubled in price.
Tesla’s CEO has driven significant moves in the crypto market in the past. On Thursday, he posted the message “Release Doge!”, Accompanied by a meme of a still from the movie “The Godfather.”
Within a few minutes, the coin jumped 8%, to $ 0.26, but then went down, losing all growth by the end of the day.
Then, 40 minutes later, Musk posted an even weirder message:
The tweet led to a sharp rise in the little-known Baby Doge Coin (BABYDOGE) token, which is closer to what Musk wrote about. It sharply on volumes of $ 60 million and approached the highs recorded 7 days ago, writes ttrcoin.
Like other clones of DOGE, it is positioned as a “community coin”, repeating the theme of the original cryptocurrency.
BABYDOGE was launched in June on the Binance Smart Chain blockchain and is only traded on the PancakeSwap exchange.
“Even Elon Musk can’t pump Dogecoin,” wrote one of the commentators.
Dogecoin has tripled from its early May highs following Musk’s performance on Saturday Night Live.
Meanwhile, Elon Musk has denied rumors of Dogecoin mining on the Tesla supercomputer. According to him, the Dojo supercomputer being developed by the company is designed to process video streams and train neural networks.
According to unconfirmed reports, Tesla will introduce Dojo by the end of 2021 as an autonomous control system for Tesla’s electric vehicles.
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