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BabyDoge Pumps 13.5% as Community Burns 2 Trillion Coins

Sat, 06/25/2022 - 11:20
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Yuri Molchan
Over the past few hours, several massive BabyDoge chunks have been burned, while the price has been soaring
BabyDoge Pumps 13.5% as Community Burns 2 Trillion Coins
Cover image via stock.adobe.com

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@babydogeburn_ Twitter account has reported that over the past few hours, a whopping 2,018,896,967,261 Baby Doge Coins have been removed from the total circulating supply.

The crypto was burned in three transfers of 876,668,446,039, 802,206,663,474 and 341,857,169,748 coins, which together are worth $3,372.

By regular token burns, BabyDoge community hopes to reduce the supply in circulation to a degree when the meme coin becomes scarce and this would help its quotes go up significantly. Thus far, BabyDoge meme coins are getting locked in unspendable wallets – the same situation is happening to the second largest meme crypto Shiba Inu. Its community has been conducting daily and weekly burns since last year, however, it has not impacted the SHIB price positively yet.

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Image via CoinMarketCap

Meanwhile, according to the data shared by CoinMarketCap, in the past 24 hours, BabyDoge price has surged by more than 13 percent. The asset is now changing hands at $0.000000001699.

Related
DOGE Co-Founder and Alex Kruger Opine on Reason of Bullish Crypto Reverse

Earlier this week, the BabyDoge army burned a staggering 14.2 quadrillion of its canine tokens and it emerged on the list of the most popular smart contracts for Binance Smart Chain whales.

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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.