$BABYDOGE: ‘Over 45% of the Total Supply Has Now Been Burned!’

On Sunday (May 1), Baby Doge Coin ($BABYDOGE), which is of the most popular meme-based crypto projects (with over 1.3 million followers on Twitter), celebrated its “11 month birthday.”

What Is Baby Doge Coin ($BABYDOGE)?

In case you are not already familiar with Baby Doge ($BABYDOGE), here is an introduction from its white paper:

Launched in June 2021, Baby Doge Coin one of the fastest growing community in crypto memes. Baby Doge is on a mission to bring crypto to the average person while also helping save dogs in need. Baby Doge is built on binance smart chain with extremely fast 5 second block times and cheaper gas fees than ethereum.

Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction.

One month after Baby Doge was born, SpaceX and Tesla CEO Elon Musk, who is a huge advocate for Dogecoin ($DOGE), sent out the following tweet:

Baby Doge Coin’s 11-Month Birthday Celebration

Yesterday (May 1), the Baby Doge team announced that they were going to celebrate the popular crypto project’s 11-month birthday by burning four quadrillion $BABYDOGE:

And earlier today, they announced that they had completed this token burn and that this meant that over 45% of Baby Doge Coin’s total supply (which is 420,000,000,000,000,000) “has now been burned.”

Here is the proof from BNB Chain block explorer BscScan:

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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