One of the first coins that comes to mind when burning is mentioned in the crypto community is BABYDOGE. The development team behind Baby Doge Coin continues its heavy burning activities without slowing down. BabyDoge incineration experienced significant momentum following the launch of the private incineration portal. Just 11 days after the said launch, more than 33 trillion meme coins were burned on the portal.
The official BabyDoge Twitter account made some exciting posts on Twitter highlighting the project’s numerous successes this week. Alongside the significant improvement on the burn side, BabyDoge also reached 1.7 million users this week. reached. Also, the asset was recently listed on various platforms including Poloniex, Biconomy, and Apbit.
Our Weekly Recap is hot off the press 🔥 pic.twitter.com/qWrKgz5sPT
— BabyDogeSwap.com LIVE (@BabyDogeCoin) February 24, 2023
NEWS CONTINUES BELOW
The 33.04 trillion meme coins burned are currently worth $90,680 at current prices. Also, data from the burn portal reveals that the community has removed 10 trillion BabyDoges from circulation in the last 24 hours and 1.7 quadrillion tokens in the last month.
After these last burns, the total amount of tokens burned exceeded the 203 quadrillion mark for the first time. This accounts for 48.334% of the total supply of the asset. Total burns are also currently valued at $556.8 million against current rates.
It went live last Monday, nineteen days after the meme coin team announced that the burning portal was ready. The portal encourages community members to contribute to the project’s burning campaign by offering discounts on BabyDoge purchases. So the burning portal aims to promote token burning for community members. Up to 56.8 trillion BabyDoge tokens have been purchased through the incineration portal so far.
You can follow the current price action here.
Source : the crypto basic