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Elon Musk's Favorite Dogecoin 'Spinoff' Spikes 3%, Leaving Shiba Inu Behind, As Burn Portal Goes Live



© Reuters Elon Musk’s Favorite Dogecoin ‘Spinoff’ Spikes 3%, Leaving Shiba Inu Behind, As Burn Portal Goes Live

Benzinga – Baby Doge (CRYPTO: BABYDOGE) rose 3% in the last 24 hours, outperforming top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) by market capitalization.

What Happened: At the time of writing, BABYDOGE was trading at $0.000000004202.

The rise in BABYDOGE comes after the much-anticipated Burn Portal went live on Monday.

According to the BABYDOGE Twitter handle, Over 81 trillion Baby Doge burned in the last 24 hours, worth an estimated $321,000.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Data from WhaleStats revealed on Monday that BABYDOGE was the top purchased token by the 500 biggest BSC whales.

Price Action: DOGE was trading at $0.081 down 0.26%. SHIB at $0.00001234 down 3.26% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Get Butterflies Ahead Of Valentine’s Day Inflation Data: Analyst Warns Apex Crypto Could Fall To $18.5K

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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