BABY drops sharply – Is the ‘favorite’ meme coin losing strength?

After a hot surge in April, BABY (Baby Doge Coin) is currently undergoing a strong correction, losing nearly 35% of its value within 7 days. The price has dropped below the support level of $0.0000000012, causing concern among many holders and leading to a sell-off.

However, on-chain data shows that most of the selling is coming from small wallets – while whales are still holding their wallets stable, even showing signs of slight accumulation. Additionally, the BABY ecosystem still maintains a relatively high number of users on the BNB Chain.

This drop is largely due to profit-taking pressure and the shift of funds towards emerging meme coins. However, if BABY holds its bottom level and recovers when altseason returns, this could be an attractive re-entry opportunity.

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