BabyDoge’s official Twitter account states that the meme coin has been added to another crypto exchange this week. announced. Added Baby Doge Coin support by ONUS exchange created in Vietnam, which currently has over 2 million users. The official announcement was made on October 15. The coin was listed under the code BABYDOGE1M.
The blog post shared by the exchange reports that due to the low conversion rate of VNDC to BabyDoge, one BABYDOGE1M would equal 1,000,000 BabyDoge. Upon this news, BabyDoge’s price skyrocketed from 0.000000001181 to 0.000000001266 on October 15th. The meme coin value has dropped a bit so far, but BabyDoge is trading in the 0.00000001222 price range.
BabyDoge tokens outshine SHIB’s
The BabyDoge community is very active in removing their tokens from the circulating supply and sending them to dead wallets. According to @babydogeburn_, which regularly reports BabyDoge burns, the community has disposed of 7,894,663,056,589 meme coins in the past 24 hours. This is worth about $9,379. If we compare this to SHIB: in the similar time frame, the SHIB community burned 46,348,209 meme coins. This is equivalent to $477.
SHIB burn rate drops
Koinfinans.com As we reported, data provided by the CryptEye analytics platform showed a large decrease in SHIB burn rate compared to early September. According to this website, over the summer the SHIB army managed to eliminate around 12 billion meme coins. In September and the first half of October, they only burned 2.36 billion meme coins.
However, since the beginning of September, the price of SHIB has also dropped by 15%. As the price drops, the community has an excellent opportunity to burn more meme coins at lower cost, but they don’t seem to have used the chance.
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.