It’s almost time for the new burning portal of the popular meme coin Baby Doge Coin to go live. Former to announcements According to BabyDoge’s incineration portal, it will go live on Monday, February 13.
Much larger quantities of BabyDoge are expected to be removed from circulation with this new incineration portal. A different burning method will be applied through the portal in question. Accordingly, users who burn meme coins will be able to purchase BabyDoges for a lower fee.
In addition, 24,558,798,588,954 meme coins worth $86,766 were burned in the last 24 hours. So far, 202,646,954,965,716,224 BABYDOGEs, accounting for 48,249% of the total supply, have been burned from the initial supply of 420 quadrillion.
In addition, the number of BabyDoge owners, currently at 1,684,457, continues to increase.
BabyDoge price action
Baby Doge Coin has risen steadily since the beginning of 2023, with positive ecosystem news and listings. Moreover, the rise is supported by technical analysis apart from these developments. A bullish cross known as a “golden cross” has appeared on the meme coin chart.
BABYDOGE, which has risen 16.27% in the past seven days, is trading at $0.0000000003545 at press time.
After nine consecutive days of positive price action since Jan. 31, BABYDOGE Coin dropped to $0.0000000025 on Feb. 10 and then rebounded sharply. It has since remained trading in the green and managed to hit its intraday high of $0.00000000398.
You can follow the current price action here.