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BabyDoge Army Burns 2.8 Quadrillion Coins Within Hour: Details

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Tue, 06/21/2022 - 16:22
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Yuri Molchan
Another breathtaking amount of meme coins has been sent to a dead wallet within an hour in a hope of pushing the price up in the future
BabyDoge Army Burns 2.8 Quadrillion Coins Within Hour: Details
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Contents

BabyDoge community has announced that nearly 3 quadrillion Baby Doge Coins from the circulating supply of the meme token have been burned as part of the plan to annihilate 50 quadrillion BabyDoge.

2.8 quadrillion coins gone

BabyDoge tracker account @babydogeburn_ has tweeted that a staggering amount of 2,880,434,321,993 BabyDoge has been sent to an unspendable wallet and out of circulation within merely one hour.

Despite the impressive figure, this sum of the meme tokens is worth roughly just $4,056, while the coin is changing hands at $0.000000001408. Over the past 24 hours, it has demonstrated a ten percent surge, as per data provided by CoinMarketCap.

The initial supply of BabyDoge totalled 420 quadrillion but after recent burns it has been reduced twice down to about 232 quadrillion canine coins, inspired by Dogecoin and Shiba Inu dog breed.

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50 quadrillion burn voted for

On June 3, U.Today reported that the BabyDoge community voted for an acceleration of token burns and decided to reduce the current supply by another 50 quadrillion. However, this decision was made regarding tokens circulating on Ethereum and there is no data whether and how much BabyDoge would be burned on the original Binance Smart Chain network.

During the first two days of this month, they burned 6 quadrillion tokens, later several other large burns followed.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.