$USDC Baby has risen for several reasons:

& First, the recent collapse of the cryptocurrency market stopped over the past few days.

& Second, Bitcoin rose from its lowest level last week of $103,000 to $105,400.

& Meanwhile, Ethereum rose to $2,650.

— Baby is highly sensitive to the price movements of Ethereum, being the second largest meme coin in its ecosystem after Shiba.

— For example, Shiba's value dropped by 81% between its peak last November and its lowest point in April, as the value of Ethereum fell from $4,000 to $1,300.