The development team behind Baby Doge Coin announced today that they’ve burned a massive amount of BabyDoge. announced. According to the information shared by the team, 682 trillion meme coins have been removed from circulation.
Despite heavy burning activities in the past, the BabyDoge (BABYDOGE) community still does not give up on its efforts to reduce supply. A few hours ago, the team announced that 682 trillion BABYDOGEs worth over $1 million had been burned. In response to the statement, the price of the asset has surged by over 30% over the past week. The lows and highs reached by the asset over the week are as follows: $0.000000001209 and $0.00000001607.
In addition, the team also announced that they bought back and burned 2.6 trillion tokens from the BabyDoge Swap DEX.
Data from BSC Scan reveals that 682 trillion meme coin burns occurred approximately 24 hours ago, with 2.6 trillion tokens burnt much earlier than the buyback application.
In addition, the team behind the project informed the community about the upcoming burning process yesterday and noted that this will be the first of the month.
Besides, 33 trillion meme coins were burned about four days ago. In other words, the community also makes its own contributions to the burning events. Moreover, although there is no incineration portal to be used to encourage community members, this burning process continues. The team will hold a Q&A session on Twitter on February 3 to discuss the features and launch date of the upcoming burn portal.
BABYDOGE Price Action
After the last burns, the rate of supply burned has now exceeded 48%, reaching 202.1 quadrillion tokens. Last week, 836 trillion tokens were removed from circulation. The price of the asset has responded to this development and has gained 32% in the last 7 days.
BABYDOGE is currently trading at $0.00000001607. Meme coin last saw this price zone in August 2022.
You can follow the current price action here.
Source : the crypto basic