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.
1 Quadrillion #babydoge tokens worth estimated $2.6 million according to BSC scan has just been burned !
Proof:https://t.co/37VB0aUSoh
NEWS CONTINUES BELOWAdditionally, $13,000 worth of #BabyDoge was bought and sent directly to the burn address !
Proof: https://t.co/57ozlrV0z3 pic.twitter.com/iWjmALRlfz
NEWS CONTINUES BELOW— BabyDogeSwap.com LIVE (@BabyDogeCoin) March 1, 2023
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