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Baby Floki Billionaire has grown by 680% since the start of 2023 — why does the token rise if “the project is dead?

Andrew Zhoao

News editor

Feb 15, 2023 at 07:00

Baby Floki Billionaire (BabyFB) is another meme token. The coin, according to the authors, is the son of the popular cryptocurrency Floki Inu. But FLOKI developers said in the buidlbee comment that they deny any connection to the token.

“We cannot comment on shitcoins like Baby Floki Billionaire. We also strongly encourage that you be careful about projects like that, as they could very well end up becoming rugpulls that harm your audience,” Floki Inu developers said.

That’s why we decided to look into whether the token, as well as FLOKI, is worthy of attention. Here we go!

“Born to the rich Floki pedigree”: what is Baby Floki Billionaire?

The token was launched on October 3, 2021, which is four months after Floki Inu was released. However, unlike FLOKI, which works on both the Ethereum and Binance Smart Chain (BSC) blockchains at once, BabyFB only works on the second one.

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There is very little information about the project on the Internet. Thus, there is no information about the asset’s creators, but it was probably launched by Floki Inu fans. The creators of FLOKI, in turn, were fans of Shiba Inu and named the token after Elon Musk’s dog, and SHIBA was created by Dogecoin fans.

However, if everything or at least something is known about these projects and their developers, there is nothing known about Baby Floki Billionaire’s creators. 

The official website does not work, but there is a Telegram channel. It has six groups of fans from Turkey, China, Iran, India, and Malaysia. But none of them are active at the moment; the last posts were published in 2022.

As for the community, the token has two fan pages on Twitter and Reddit. In the first one, there is no information about the project, too. Moreover, it’s written that “the account has nothing to do with the creators of BabyFB,” and the main goal is to gather token holders in one place. According to bscscan, at the time of writing, the asset holds 47,122 wallets.

There are 273 people subscribed to the Reddit community, but the most activity was also seen in 2022.

A token you can’t trend

As we mentioned above, the token is being held on 47,122 wallets, and there are 122 more wallets since the beginning of the year. However, the community on Reddit suggests that BabyFB cannot be sold.

The coin you can't even trade Source Reddit
The coin you can’t even trade Source: Reddit

This information is also confirmed by CoinMarketCap. According to the site, the maximum number of tokens that can be created is one quadrillion. But there are no coins in circulation at all. Users from the site say that the project has been dead since September 2022, and those who bought the asset are looking for ways to sell it.

The project is already dead Source CoinMarketCap
The project is already dead Source: CoinMarketCap

Baby Floki Billionaire’s current price

In the last 24 hours, the asset grew by 36,25% — from $0.000000008 to $0.000000000109. The token started the year at $0.000000000014, which differs by 678,57% from the current value. However, the growth of BabyFB is most likely due to external circumstances. There have been three main reasons during this time:

  • A decline in inflation (from 7,1% to 6,5%);
  • A rate rise. Market participants guessed how much the Fed would raise the rate, which is why most of the market rose.
  • On Feb. 15, Elon Musk posted a photo of his dog Floki, which triggered a rise in dog tokens. Dogecoin is up 6,3%, Shiba Inu is up 5,47%, Floki is up 60%.

However, if the token cannot be sold, there is probably no point in buying it. The impossibility to sell may be due to a lack of liquidity. This is confirmed by the CoinGecko Terminal website.

In 2022, there were rumors that BabyFB might be listed on the LBank exchange, but more than a year later, that has never happened.

Whether or not to invest in this coin is entirely up to you to decide. Be aware and do your own research.

Here is our research on the “Half Shiba” meme coin.

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Home » Insights and analysis » Baby Floki Billionaire has grown by 680% since the start of 2023 — why does the token rise if “the project is dead?

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