Meme Coin Beats SHIB to Top – 6 Trillion Burn!

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  • While the Shiba Inu (SHIB) rival meme coin has seen a critical increase in the number of holders, the cryptocurrency community continues to make massive burns on these BSC-based meme coins.

Actively BABYDOGE burning Performed and burned by the Baby Doge Coin community BABYDOGE token @babydogeburn_ Twitter, a monitoring platform where the amount of accountthe 232nd ranked cryptocurrency Your Baby Doge Coin (BabyDoge) announced that it has reached a new milestone in total number of owners.

Also, according to the same Twitter account, in the last 24 hours this dog has sent a surprising amount of cryptocurrencies to inferno/dead wallets. Almost half of the total BabyDoge supply was incinerated this way.

Massive BabyDoge burn is coming

According to a recent tweet by user @babydogeburn_, in the last 24 hours, this BSC The community of dog-based canine cryptocurrency has managed to remove a total of 6,159,781,942,879 (6.1 trillion) BabyDoges from the circulating supply and they cannot be spent “inferno” sent to their wallets.

The Twitter user stated that just over 47 percent of the total supply has been burned so far, and 198,559,701,264,492,704 BabyDoge coins have already been sent to dead wallets. The total supply of meme coin consists of 420,000,000,000,000,000 BabyDoge.

Number of BabyDoge owners surpasses Shiba Inu

That wasn’t the only good news for the BabyDoge army to come out recently, the popular meme cryptocurrency has reached a new high as the number of investors continues to rise steadily. According to a new tweet shared by the aforementioned source, the total number of BabyDoge holders has exceeded 1,608,600.

Reaching this milestone, BabyDoge has surpassed another popular meme coin, Shiba Inu (SHIB), built on the Ethereum chain, trading in the top 15. Recently, the number of holders of SHIB reached 1,212,044 according to data shared by the WhaleStats wallet tracker.

Earlier this month, BabyDoge started a remarkable listing spree and was listed on leading cryptocurrency exchange Poloniex. Prior to that, the token was added as a payment option by platforms FCF Pay and NOWPayments. In addition, on August 15, Baby Doge launched its own testnet.

What is BabyDoge?

Baby Doge Coin, inspired by its competitors such as Shiba Inu and Dogecoin (BABYDOGE), It is a cryptocurrency created by the online Dogecoin (DOGE) community and considered the “son” of DOGE.

On the platform’s website, Baby Doge; It is called a digital asset that “tries to impress its father, Dogecoin, by demonstrating its new, improved transaction speeds and cuteness.”

The Baby Doge Coin project is actively reaching out to dog shelters and organizations that benefit dogs, with a view to the welfare of dogs. It is known that the purpose of the platform is to help rescue as many dogs as possible.

babydoge burning

Whales keep buying and then selling Shiba Inu

WhaleStats on-chain data tracking platform has announced that in the last 24 hours, the 100 largest whales on the Ethereum chain have seized $17 million worth of Shiba Inu. That means 1,291,793,313,069 Shiba Inu meme coin.

But according to the latest data from the same platform, whales are currently holding $119,787,272 at SHIB. This means that the biggest Ethereum investors have sold a huge chunk of SHIB worth $37.3 million from their holdings.

You can follow the current price action 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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