Elon Musk has once again sent a coin’s price skyward with a simple tweet; this time more than doubling the price of the memecoin Baby Doge by inserting its name into the lyrics of popular children’s song
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Elon Musk has once again sent a coin’s price skyward with a simple tweet; this time more than doubling the price of the memecoin Baby Doge by inserting its name into the lyrics of popular children’s song, “Baby Shark”.

Replacing the title of the song with the name of the coin, the tweet read: “Baby Doge, doo, doo, doo, doo, doo.”

Data from CoinGecko shows the price rose to US$0.000000002088 at just past 8 a.m. in California, up from $0.000000000916 just before the tweet. It was trading at US $0.000000001761 at press time.

Baby Doge is a spinoff from the memecoin Doge, which Musk helped boost to its position as the sixth-largest coin by market cap through similar cheerleading on Twitter. Musk would often suggest that the coin should “go to the moon,” meaning that its price should skyrocket.

Last week Musk pulled a similar stunt to support another Dogecoin spinoff named Shiba Inu. In a tweet he suggested he would name his Shiba Inu dog — the breed at the center of the Doge meme — “Floki.” That sent the price of the token up 25% in a matter of hours and spawned the launch of spinoff tokens named Floki Shiba Inu and Floki Inu, among others.

“Baby Shark” is the most viewed video on YouTube, with more than 8.8 billion views.

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