Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation – Markets and Prices Bitcoin News

The popular meme token baby doge has slid quite a bit in value even after the token’s image was plastered all over Brandonbilt Motorsports’ No. 68 Chevrolet Camaro at the NASCAR Xfinity Series in Atlanta this past weekend. On Monday, baby doge statistics show the coin has dropped 42% in value over the last seven days and over 2% in the last 24 hours.

Baby Doge Spanked by Grown-Up Markets, Donates Six-Figures to Animal Shelter

Over the last two weeks, the cryptocurrency community has been focused on a meme-based cryptocurrency called baby doge (BABYDOGE). There are a couple of reasons why baby doge has made it into the spotlight, and Elon Musk’s July 1st tweet about the token probably hasn’t hurt. Still, its value has climbed a whopping 931% in 30 days. Bitcoin.com News reported on Musk’s incoherent baby doge tweet and how the dog token came awfully close to a $2 billion market capitalization.

Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation
Baby doge (BABYDOGE) stats on Monday, July 12, 2021.

However, since then baby doge has dropped considerably and currently trades for $0.000000002993 per unit. Data from coingecko.com shows the token has $8,239,318 in 24-hour trade volume. The volume is spread across Pancakeswap versions 1&2, Xt.com, and Lbank. On Monday, the BABYDOGE market valuation is $1.2 billion after dropping from $1.925 billion a week ago. While the baby doge token has shed enormous value, the social community has nevertheless grown significantly.

Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation
The Baby Doge community has donated to organizations like Pawswithcause and Furkids Animal Rescue, two programs that work with 45 different shelters across the USA. Photo credit: Brandonbilt Motorsports.

The project’s Telegram channel has 122,654 members and over 18,000 are online at the time of writing. The token’s official Twitter account now has 131,500 followers and there are 4.1K subscribers on the r/babydogecoin subreddit.

The team has also tried to gain recognition through marketing schemes and charitable…

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