KEY POINTS

  • Baby Doge Coin is now listed on Huobi
  • The recent listing seemingly helped the DOGE-inspired token's price to spike
  • BABYDOGE teases it will announce "big news" soon

Pup-themed deflationary token Baby Doge Coin saw its value jump more than a fifth Friday, following a cryptic message on Twitter about an incoming "big news."

The announcement by Seychelles-based crypt exchange Huobi it would start listing BABYDOGE on its exchange platform also helped the surge after Baby Doge Coin holders were hyped about the "big news coming" teaser on Twitter.

Speculations swept social media that the tweet was an announcement of an impending listing in Binance and Wazirx. At the same time, other users hinted the tease is about BABYDOGE'S listing on KuCoin. Unfortunately, the token's official tweet is vague and does not reveal further detail about the big news.

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021.
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. Reuters / Dado Ruvic

The coin rose from 0.000000003148 Friday to a high of 0.000000004081 on Saturday, Coinmarketcap data showed.

Historically, cryptocurrencies experience an uptick in value every time they are listed on a new digital currency platform because of increased visibility and accessibility.

Baby Doge Coin is one of the new dog-themed coins performing well in the crypto market over the past months, compared to others experiencing a slump. It is also one of the fastest-growing coins, with its holders surpassing Shiba Inu's.

The DOGE-inspired meme coin celebrated breaching the one million-follower threshold on Twitter on Feb. 12, with the official Twitter handle calling the community the best in crypto. "Congratulations, #BabyDogeArmy we just passed 1 MILLION followers on Twitter! Best community in crypto," read the tweet.

Baby Doge Coin started trading in the early part of June 2021, when investors' interest in Dogecoin was cooling off. BABYDOGE was up 5.03% at $0.000000003563 as of 1.22 a.m. ET on Feb. 20, Coinmarketcap data revealed.

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