Trending Meme Coin BABY BEERCOIN Pumps Over 40% in 24 Hours While PlayDoge Raises $4.5M

BABY BEERCOIN (BBEER) has a strong start to the week.

This popular meme coin has pumped more than 40% in the past day as retail investors pile in.

But BBEER is not the only memecoin doing well.

The new dog-themed token PlayDoge (PLAY) has surpassed $4.5 million in pre-sale – and is attracting interest from across the market.

BABY BEERCOIN PRICE RISES BY MORE THAN 40%

Baby Berquin Price action is a hot topic right now.

This fork of the popular BEERCOIN (BEER) token has risen by more than 40% in the last 24 hours to reach $0.000832.

BBEER’s rise comes on the heels of a spike in prices for the native BEERCOIN in early June that fizzled out last week amid rumors of whale manipulation.

Undeterred, BABY BEERCOIN capitalized on the remaining hype, with daily spot trading volumes rising 319% to $5.2 million.

This helped push BBEER to second place on CoinMarketCap List of popular cryptocurrencies.

However, BBEER remains relatively obscure.

It is only tradable on Raydium DEX and MEXC, so liquidity remains a concern.

Like most meme coins, BBEER offers no utility or innovation beyond its beer-themed brand.

As such, its price is driven almost entirely by speculation.

For this reason, conversations on crypto Twitter are filled with both excitement and caution – given the potential for rapid pumping and dumping.

A closer look at the rise and fall of BEERCOIN

As mentioned above, BABY BEERCOIN pays homage to the original beer-themed icon, Perquin.

Just weeks ago, BEERCOIN was one of the hottest new cryptocurrencies.

It rose more than 6,300% in the weeks following its DEX listing, reaching a market capitalization of about $300 million at its peak.

However, BEERCOIN’s rise was short-lived.

Last week, the price of the token fell by more than 70% amid Allegations of market manipulation By crypto whales.

Reports emerged that the whale was deploying a sophisticated pump-and-dump scheme, amassing massive amounts of beer only to dump it for massive profits.

This led to widespread selling as retail investors rushed to exit their positions.

Ultimately, this selling pressure caused BEER’s price to reach $0.000149 on Saturday – its lowest level since May 26.

Interestingly, the token still attracted over $170 million in spot trading volume over the past 24 hours.

This suggests that although BEERCOIN’s price may have collapsed, it is still attractive to some investors.

Tamagotchi-inspired PlayDoge raises $4.5 million as pre-sale hype builds

While BABY BEERCOIN was making headlines, another meme coin emerged, Play Doggieis raising some serious capital.

Over the weekend, PlayDoge’s pre-sale surpassed the $4.5 million mark as investors doubled down on the Play-to-Earn (P2E) concept.

By combining nostalgic Tamagotchi-style pets with 8-bit design, PlayDoge hopes to attract gamers and investors alike.

The game’s premise is simple.

Players download the PlayDoge mobile app and start caring for their digital Doge puppy.

Keep it fed and entertained (through side-scrolling mini-games), and players will earn PLAY Tokens.

These tokens can be exchanged on the open market Or bet To earn passive income.

It’s a clever reimagining of the ’90s virtual pet craze that took hold of households around the world.

Over 82 million Tamagotchis were sold in one day as kids became obsessed with keeping them alive.

But this time, PlayDoge is adding some real financial incentives to the gameplay.

While details are still emerging, PlayDoge Worksheet Defines a token structure that allocates over 611 million PLAY tokens for additional “community rewards.”

There is also a large portion dedicated to financing marketing campaigns.

This indicates that the developers are serious about building a strong community and attracting a large user base.

So, although BABY BEERCOIN may enjoy a brief moment in the spotlight, PlayDoge’s long-term potential could be much greater.

Visit PlayDoge Presale

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