Meme coin BabyDoge buys LimeWire brand with 8 million users
- —The deal was announced on September 14, financial terms were not disclosed
- —LimeWire was relaunched in 2022 as a music NFT marketplace
- —BABYDOGE is down almost 94% from its peak, with a market cap of about $64 million
- —The LMWR token has lost 64.3% year-to-date and another 19.4% over the week
Why it matters: The deal reflects consolidation in a shrinking meme coin market, but weak token performance for both projects casts doubt on execution.
Source: BitcoinBázis