The meme token fervor continues. Shiba Inu [SHIB] was taking a back seat while BabyDoge was seen dominating the meme coin space.
Dogecoin [DOGE] arose as the first cryptocurrency born out of a meme. The success of DOGE and consistent endorsements from Elon Musk paved the way for the emergence of an array of other meme coins. Meme tokens across the globe have been towering the crypto scene for a while now. While Shiba Inu was settling below the crypto spotlight, BabyDoge decided to take charge.
BabyDoge entered the crypto market back in July 2021 and has been trending ever since. The popularity of the asset was on an upward trajectory and the latest news regarding the number of token holders was proof enough.
With a whopping $1,120,139 holders, BabyDoge broke its previous record. Elaborating on the same, WhaleStats tweeted,
BabyDoge beats Shiba Inu
With increased adoption and multiple deals, partnerships as well as listings, Shiba Inu managed to surge to the top. The meme coin garnered a spot among the coveted top 20 as its market cap rose to $17.94 billion. Despite its popularity, BabyDoge squashed SHIB in terms of token holders.
Earlier today, the meme coin surpassed SHIB as the total holders of the former surged to a high of 1,120,000 while that of SHIB’s remained at around 1,116,000.
This wasn’t the first time that BabyDoge overpowered a prominent crypto asset. Just a couple of days ago, the meme coin beat ETH and became the most traded token in the top 1000 BSC wallets.
The news of BabyDoge flipping ETH gave rise to a series of speculations. While some suggested that the asset was on the verge of becoming the next Shiba Inu, a few others noted that the meme coin was trying to mirror the actions of SHIB.
Apart from this, the BabyDoge community was seen urging several crypto exchanges to list the coin. A few of them even proposed that people buy a lot of the token before Binance or any other leading exchanges listed the asset. During the time of writing, BabyDoge was trading for $0.000000002866 with a minimal rise of 1.74% over the last 24-hours.