Now that Elon Musk has shined the spotlight on Baby Doge Coin, a meme coin that was inspired by its larger peer Dogecoin, other market leaders are beginning to pile on. Most recently, Binance CEO Changpeng Zhao (CZ) has played into the Baby Doge hype.
CZ caused a stir in the Baby Doge community after responding to a tweet with a gif of baby puppies. The Binance chief merely referenced the license plate of the car in the gif, which reveals his initials CZ, saying “nice plate number.” While CZ was subtle in his response, it was enough to get the Baby Doge Coin community talking and pontificating about a potential Binance listing.
CZ was careful not to reference a Binance listing, and he is generally quick to remind his followers that his tweets are not financial advice. The overtone of this tweet, however, has Baby Doge written all over it. The gif was posted by Twitter account Soul_Lisker, who says they trade as a hobby and boasts more than 10,000 followers.
Many Baby Doge fans simply responded with moon emojis, in hopes that the price will go to the moon. In fact, the Baby Doge price has seen new heights since Elon Musk tweeted about the meme coin last week. It has exhibited some wild swings in its short history and most recently added more than 30% to its market cap in the last 24 hours alone.
Meanwhile, others who responded to CZ proceeded to exclaim what a good pairing Binance and Baby Doge could be. Some followers challenged him, speculating that it was a race between Binance and Coinbase to list Baby Doge Coin first. A listing on either trading platform could do a lot for liquidity in Baby Doge Coin, which continues to trade for fractions of a penny.
Listings on His Mind
CZ also tipped his hand over the weekend that he is thinking about more listings on Binance. In a tweet, he put feelers out to his followers on which cryptocurrencies the exchange should list next, adding a disclaimer that he is not in charge of such decisions. Of the more than 42K responses that CZ received, many were touting meme coins, including Baby Doge.
I am not in charge of listing. But @binance should list ___?
— CZ 🔶 Binance (@cz_binance) July 4, 2021
While Baby Doge Coin may be a newcomer to the cryptocurrency scene, it has been growing hand over fist. The cryptocurrency already has more than 300K holders in a little over a month since it launched.