The self-proclaimed Dogefather and Tesla chief Elon Musk on Thursday tweeted about Dogecoin spinoff Baby Doge and the cryptocurrency’s value has almost doubled since then.
Elon used the lyrics of viral Baby Shark song from last year and used it to refer to Baby Doge, he tweeted ,"Baby Doge, doo, doo, doo, doo, doo, Baby Doge".
Baby Doge price rose by nearly 98 per cent following Elon’s tweet, even though he was smacked by a lot of crypto enthusiasts for his tweet.
His latest tweet about Baby Doge has received him over 57 million followers and thousands of other memes been shared over his tweet.
The overall reduction in the value of cryptocurrency was also linked to Tesla announcing it won’t be accepting Bitcoin as payments due to its immense energy consumption.