Poloniex Lists BabyDoge Amid an Uptick in Social Activity.
The Poloniex listing is the latest in a series of onboardings the asset has clinched in the past few weeks.
Poloniex, a notable U.S.-based exchange since January 2014, is the latest to announce the listing of Baby DogeCoin (BABYDOGE) amid a massive surge in the canine-themed project’s social activity.
🆕 Listing: @BabyDogeCoin
A new crypto birthed by fans of the Doge Meme online community. #Dogecoin #BABYDOGE wallets will open on February 17, 2023 at 05:00 UTC and full trading will be enabled on February 17, 2023 at 07:00 UTC. https://t.co/59wimXCrbs#PoloniexListing pic.twitter.com/Wbf1LNoA62
— Poloniex Exchange (@Poloniex) February 17, 2023
According to the announcement, the platform opened BABYDOGE deposits today at 05:00 (UTC), introducing the trading pair BABYDOGE/USDT. Trading for the pair was also opened today at 07:00 (UTC). Expectedly, the move has triggered excitement among BABYDOGE proponents, as it signals an uptick in the asset’s popularity and adoption.
The Poloniex onboarding comes barely two days after Canadian-based crypto exchange Biconomy announced plans to list BABYDOGE. Biconomy announced on Feb. 15 that it will be listing the asset today at 10:00 (UTC).
Moreover, to celebrate the listing, the platform launched a campaign to give away 10 trillion BABYDOGE tokens and a Tesla Model X through a series of events involving social media airdrops, trading competitions, and deposit bonuses.
@BabyDogeCoin Listing Benefits, Share #Tesla Model X & 10 Trillion #BabyDoge 🔥
🚀Social Media #Airdrop – 900B
💵 #Deposit Bonus – 1.8T
💸 #Trade to Share – 2.4T
🏆 #Trading Competition – #TeslaModelX & 6.3T
Details👉 https://t.co/Tx1UedrlQw#Biconomy #BIT #Crypto #Giveaway pic.twitter.com/fpJ62cThgk
— Biconomy 🌐 (@BiconomyCom) February 15, 2023
Shortly after announcing the upcoming onboarding, Biconomy disclosed that it plans to include BABYDOGE in its Earn program. The exchange launched a limited-time earn campaign for the asset with an APR of 6.86% in 90 days.
🚀 #Biconomy Earn – Newly launched #BabyDoge, APR up to 6.86%!🚀#BiconomyEarn will add @BabyDogeCoin to the list of assets supported🚀
🔥Enjoy up to 6.86% high Earnings🔥
Full Details👉 https://t.co/TP3SVPmIlu#BIT #Crypto #CryptoMarket #Staking #BabyDogeArmy #Cyptocurrency pic.twitter.com/UgNXW9gTMR
— Biconomy 🌐 (@BiconomyCom) February 16, 2023
A Massive Uptick in Social Activity
The increased attention on BABYDOGE has been fueled by the asset’s surge in social activity, which has subsequently driven demand. The asset has successfully retained a top position on Binance’s altcoin trending list, currently sitting second in a 7-day time frame. BABYDOGE was reported to have topped the list last Wednesday.
Furthermore, with a score of 224K, BABYDOGE topped the latest list of tokens on the Binance Smart Chain with the highest bullish sentiments. BSCDaily, a leading BNBChain DeFi coverage resource, released the list on Feb. 15. The asset also leads in social engagements.
Amid these strides, the BabyDogeSwap decentralized exchange has also recorded an increase in adoption, as its TVL reached a new ATH of $65M+ on Wednesday. The token burns campaign has also bolstered this recent surge. Burns recently picked up following the launch of the dedicated burn portal last Saturday.