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BabyDoge Soars 60 Points as Musk Sparks Interest, $12M Unlocked This Month  

BabyDoge ($BABYDOGE) surged by 60 points yesterday, fueled by excitement following comments from Elon Musk.

The token has captured significant attention in the crypto space, with its market cap surpassing $1 billion and earning its place as one of the top five memecoins on the Solana blockchain. Data from CoinMarketCap reveals that BabyDoge was the top-performing cryptocurrency among the top 500 tokens in the past 24 hours.

Despite the rally, CoinMarketCap shows that $BABYDOGE remains in a “not fully circulated” state, with only 79.33% of the total supply in circulation. Recent developments also shed light on the activity surrounding locked tokens. Ten hours ago, UNCX Network unlocked $2.42 million worth of $BABYDOGE tokens, transferring them to a multi-signature address (0xB2E…9a0F3). All unlocked tokens were subsequently deposited into Binance.

Since the beginning of November, a total of $12.02 million worth of $BABYDOGE has been unlocked. Each batch has flowed directly to exchanges following its release. Currently, 9.55% of the token’s total supply remains locked in the contract, awaiting future unlocks.

This recent momentum underscores BabyDoge’s growing influence in the memecoin market, as it continues to climb the rankings and attract investor interest. With a billion-dollar valuation and robust trading activity, BabyDoge has cemented its position as a major player in the cryptocurrency world.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.