A 50 Quadrillion Burn Could Come From Meme Coin That Makes Metaverse Move!

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  • The popular meme cryptocurrency has had a massive birthday celebration. On his first birthday, Baby Doge Coin (BABYDOGE) burned 3 quadrillion Babydoge worth $5 million. Trend coin also announced that they are planning a 50 quadrillion burning party.

During the first birthday celebrations Baby Doge Coin (BabyDoge)has sent 3 Quadrillion BabyDoges worth $5,100,000 ($5.10M) to inferno wallets and announced that they will soon be holding a “50 Quadrillion Burn Party”.

The Baby Doge team kicked off their 1st Birthday celebrations by permanently removing a total of 3 quadrillion BabyDoge tokens worth $5,100,000 ($5.10 million) in an impressive transaction.

After the cremation, the BabyDoge team shared a process link with their community as “Proof of burn”.

The work of the Baby Doge Coin team did not end with this burn. To make the day more special, the team behind the token launched a community proposal on Snapshot to burn 50 Quadrillion BabyDoge tokens on Ethereum.

The team gave the community a chance to vote on the Babydoge cremation and offered three options to choose from:

  • Option 1: Yes, Burn them all at once.
  • Option 2: Yes, burn in a 2-month period.
  • Option 3: No, don’t touch it.

According to the latest update shared by BabyDoge’s official Twitter account, more than 1.5 quadrillion votes were cast. Apart from that, more than 90 percent of the votes were cast in favor of the burning. However, the survey is still live and will reportedly end on June 28.

This isn’t the first time BabyDoge has sent such a large amount of BabyDoge tokens to dead wallets. Since the start of 2022, BabyDoge has been burning quadrillions of tokens every month.

Intense token burns marked this year

Earlier, Baby Doge Coin has 5 Quadrillion tokens worth $11.50 million in January, 4.8 Quadrillion tokens worth $20 million in February, 4 quadrillion tokens worth $12.80 million in March, 3.2 Quadrillion tokens worth $10 million in April, and In May, it had burned 4 quadrillion tokens worth over $6.8 million.

This means that, including the most recent Q3 burn, BabyDoge sent a total of 24 quadrillion dog-themed meme tokens in six months worth over $66.2 million to dead wallets. According to data provided by CoinGecko, the current circulating supply of BabyDoge stands at 159,278,394,658,793,747 (159.27 quadrillion).

In addition, BabyDoge outperforms all other popular dog-themed cryptocurrencies in terms of investor count. According to BscScan data, BabyDoge has 1,560,098 (1.56 million) unique wallet addresses, while Etherscan.io reports that only 1,173,687 (1.17 million) unique wallet addresses have the Shiba Inu.

babydoge burning

Metaverse move from BabyDoge

Originally designed as an alternative to the popular meme cryptocurrency DOGE, but Binance Smart ChainBased on , BabyDoge did some other projects besides burning during the birthday celebrations. On the occasion of the first anniversary of the project, the creators of their Metaverse wearable released a new preview.

The new teaser, while brief, informed the community of the contrasts and changes taking place in the format of digital avatars in the BabyDoge Wearable Metaverse. Users have also observed that virtual “dogs” have made some improvements in terms of both graphics and animations.

It is not yet clear whether the upcoming Metaverse will be based on the Decentraland platform as previously reported or will be a completely standalone project. BSC Daily also stated in its tweet that the BabyDoge token could be used as an in-game currency for the Metaverse, and the words “love and pet” in the description suggested that the metaverse might have a Tamagotchi-style mechanic.

In just one year, the project has gained over 1.4 million followers on Twitter, nearly 300,000 on Telegram communities, 61,000 on Discord, 320,000 on Facebook, and 284,000 on Instagram, according to some statistics released by a Babydoge community member. .

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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