The post Trending Meme Coin BABY BEERCOIN Pumps Over 40% in 24 Hours While PlayDoge Raises $4.5M appeared on BitcoinEthereumNews.com.

BABY BEERCOIN (BBEER) is having a strong start to the week. This trending meme coin has pumped over 40% in the past day as retail investors pile in. But BBEER isn’t the only meme coin that’s performing well. New dog-themed token PlayDoge (PLAY) has just passed $4.5 million in presale – and is attracting attention from all corners of the market. BABY BEERCOIN Price Explodes Over 40% BABY BEERCOIN’s price action is a hot topic right now. This off-shoot of the popular BEERCOIN (BEER) token has rocketed over 40% in the past 24 hours to reach $0.000832. BBEER’s rally comes hot on the heels of the original BEERCOIN’s early June price pump that fizzled out last week amid rumors of whale manipulation. Undeterred, BABY BEERCOIN has capitalized on the remaining hype, with daily spot trading volumes surging 319% to $5.2 million. That has helped push BBEER to the #2 spot on CoinMarketCap’s trending cryptos list. However, BBEER is still relatively obscure. It’s only tradable on the Raydium DEX and MEXC, so liquidity remains a concern. Like most meme coins, BBEER offers zero utility or innovations beyond its beer-themed branding. As such, its price is driven almost entirely by speculation. For that reason, chatter on crypto Twitter is rife with both excitement and caution – given the potential for a quick pump-and-dump. A Closer Look at BEERCOIN’s Rise & Fall As mentioned above, BABY BEERCOIN is paying tribute to the original beer-themed token, BEERCOIN. Just weeks ago, BEERCOIN was one of the hottest new meme coins. It rocketed over 6,300% in the weeks following its DEX listing, commanding a market cap of almost $300 million at its peak. However, BEERCOIN’s rise was short-lived. Last week, the token’s price plummeted over 70% amid allegations of market manipulation by crypto whales. Reports emerged…

---

Filed under: News - @ June 17, 2024 7:24 pm