56 seconds ago | 2 mins read
Altcoin News- Baby Doge has witnessed a massive increase in its burning rate.
- This leads to a decrease in the token’s overall supply.
Baby Doge Coin, the popular memecoin, continues to attract users with its massive burn rate. The Baby Doge team has recently announced the burn of 500 trillion Baby Doge coins. This move has sparked a lot of interest among investors, as it is expected to have a significant impact on its trading price.
Recently, the burning rate of Baby Doge has witnessed a massive increase. On Tuesday, the Baby Doge team tweeted that the burn rate of the coin had surged overnight, with 500 trillion tokens burned in a single transaction. According to the report of the BSC scan, the transaction’s worth estimated at $1.3 million.
Baby Doge has a dead wallet address and holds over 45% of the 420 trillion token supply. Baby Doge burns the token by sending it to this wallet address. This leads to a decrease in the token’s overall supply.
At the time of writing, the trading price of Baby Doge is around $0.000000002725, with an increase of 0.72% in the last 24 hours, according to CoinMarketCap.
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Source: https://thenewscrypto.com/baby-doge-coin-witnessed-a-massive-burn-of-500t-tokens/