The BabyDoge Coin team launched the highly anticipated burning portal on February 13. In response to this major development, the meme coin price has managed to gain the attention of the crypto community by increasing more than 400% since the beginning of the year.
According to the information shared by the team, five BABYDOGE will be burned for every meme coin burned on the portal by April 1st, with this new burning portal.
The new incineration portal seems to have taken effect: after the portal was launched, encouraging combustion data were shared. In the last 24 hours alone, 12,606,036,147,936 (12 trillion) BabyDoges worth over $36,747 have been burned.
Koinfinans.com As we reported, according to the weekly burn statistics provided by BurnBabyDoge on February 19th, 278,714,174,633,471 meme coins worth $921,429 were removed from circulation in the period after the launch of the burning portal.
So far, a total of 202,925,149,755,422,080 meme coins have been burned, which corresponds to 48,316% of the total supply of 420 quadrillion.
Besides, today, OpenOcean, a Web3 aggregator, listed BabyDoge and BabyDogeSwap liquidity for trading on its platform. announced.
Also last week, popular crypto exchange Poloniex announced that Baby Doge Coin (BABYDOGE) is listed under the USDT trading pair.
BabyDoge price hit
After the big rally since the beginning of 2023, BabyDoge Coin has reached highs. This rise also led to investors making profits.
After hitting previous highs of $0.00000000457 on February 13, the meme coin turned bearish. With this decline, BABYDOGE marked seven of the nine days in red.
At press time, the dog-themed cryptocurrency is trading at $0.000000002877, down 10.64% in the last 24 hours, according to data from CoinMarketCap. Meme coin has lost 28% in the last seven days.
In addition, despite the price drops seen on both daily and weekly basis, BABYDOGE continues to be one of the highest earning cryptocurrencies on a monthly basis with an increase of 138% in the last 30 days.
You can follow the current price action here.