#BabyDoge's Aggressive Price Manipulation
First of all, Baby Doge is a MEME that was born in June 2021. It compares $DOGE to a father, which is why it became famous. However, in the early stages of trading, Baby Doge once fell below the opening price, but later began to reverse, skyrocketing to a market value of over 100 million dollars.
After breaking the 100 million mark, large holders continued to sell, while retail investors kept buying in. Ultimately, after Elon Musk tweeted: babydoge doo doo doo, Baby Doge completely defeated the bears and entered a shining moment, with its market value briefly breaking 2 billion dollars.
Then, until recently, Baby Doge was listed on #binance. Because it had been consolidating for too long and there were too many diamond hands, it performed modestly at the beginning due to a lack of chips on Binance addresses. As large holders gradually collected chips, Baby Doge's main upward wave began, and this round of price manipulation was even more intense.
Last night, when $MOVE was launched, it immediately sold off Baby Doge. Even this morning, when there was a price difference for MOVE, the large holders knew that there would definitely be short-term hot funds moving in to arbitrage, so they immediately dumped it with one line, aggressively manipulating the price. Now it has returned to a new high, managed perfectly, full marks 💯!
In the same batch, $FLOKI was listed on #binance earlier, reaching a market value of about 3.3 billion dollars.
In summary, I believe Baby Doge's reasonable price level is around 12 (2.5 billion market value), a conservative price level is in the 8s (around 1.5 billion market value), and I won't speculate on the FOMO price level.