Not SHIB: 1 Quadrillion Burns Came from Meme Coin Team in a Single Transaction!

The BabyDoge team continues their burning activities without slowing down. In line with this, the team is part of a monthly burning campaign of 1 quadrillion, valued at $2.6 million. meme coin made the burn. The team also repurchased and removed 4.9 trillion BabyDoges worth $13,000 with fees from the BabyDogeSwap dex.

Data from BSC Scan reveals that the 1 quadrillion burn occurred yesterday at 21:41 (UTC). However, the buyback and incineration took place much earlier.

After the final combustion, the total burned BabyDoge It currently stands at 204.06 quadrillion tokens, and the amount burned through the private incineration portal, which went live on February 13, is 35.2 trillion.

We can say that the Baby Doge Coin team has contributed greatly to reducing the total BabyDoge supply through burning. Last July, the team carried out the largest token burn ever in the crypto industry, in a single transaction. 50 quadrillion coin burned. The meme coin team has made significant progress towards reducing the total supply of BabyDoge from 420 quadrillion.

In November of last year, the team made a proposal to restart monthly burns after a break. Within a week, 99% of community members voted to restore the burns. As a result, monthly burns resumed in December 2022.

On February 2, the team burned 682 trillion meme coins. The tokens burned were worth $1.09 million at the time, and an additional 2.6 trillion tokens were repurchased and burned with BabyDogeSwap fees.

As of February 27, BabyDoge is the most popular meme coin on the BNB Chain. Also crypto exchange LBanknoted that the asset is the most sought-after cryptocurrency on its platform.

You can follow the current price action here.

Source : the crypto basic


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