According to a tweet on Baby Doge Coin’s official Twitter handle, the upcoming meme coin platform confirmed that it burned 100,185,000,000,000,000 (100.18 quadrillions) BABYDOGE tokens on two different chains. The transactions on the two diverse chains amounted to an estimated worth of $200,370,000 ($200.37M).

Read Also: Over 52 Trillion BabyDoge Burned in the Past 24 Hours as Token Burn Portal Nears Completion

BURN IS HERE #BabyDogeArmy

100 Quadrillion #BabyDoge burned on Ethereum !

A world record

Worth nearly an estimated $200,000,000

Proof: https://t.co/1dwNRAYr65

Additionally $370,000 worth were burned on BNB chain

Proof: https://t.co/mgna28BOl8 pic.twitter.com/EwcIREkLmD

— Baby Doge (@BabyDogeCoin) June 1, 2023

Baby Doge Coin Transaction Details On Ethereum

On the Ethereum blockchain, the BabyDoge team succeeded in setting a world record by burning 100,000,000,000,000,000 (100 quadrillions) BABYDOGE tokens in a single transaction. These tokens are worth relatively $200,000,000.

Overall, the total amount of burned BABYDOGE tokens on the Ethereum chain is presently 327,321,221,121,808,704 (327.32 quadrillions), worth $647,114,054 ($647.11M).

Read Also: BabyDoge Team Finally Burns 50 Quadrillion Tokens Worth Over $86 Million

Baby Doge Coin Transaction Details On The Binance Chain

On the BNB chain, the BabyDoge team successfully burned 185,000,000,000,000 (185 trillion) BABYDOGE, worth $370,000. The new set of burned BABYDOGE tokens brings the total number of the upcoming meme tokens burned on the BNB platform to 206,018,901,659,242,466 (206 quadrillions), with an estimated worth of $412,037,803 ($412.03M).

Impacts Of The Burned Coins On BabyDoge Price

Per CoinGecko, Baby Doge Coin is ranked 121 and sells at a rate of $0.000000001914. The coin is down by 0.6% with a 24-hour trading volume of $1,793,842. Despite the massive burnings on Ethereum and Binance platforms, there are currently 156,124,856,092,293,492 in circulation from a total and maximum supply that is worth 420,000,000,000,000,000 each.

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According to the team, this planned monumental token burn will ensure the long-term stability and safety of the Babydoge project as well as lower the cost of transacting the popular meme token on the Ethereum network to zero. 

A proposal to burn a whopping 100 quadrillion Babydoge tokens on the Ethereum network — worth over $200 million at the time of writing — has been rolled out by the project development team. The recently submitted proposal also promises to reduce Babydoge transaction fee on the Ethereum network to 0% while also making provision for seamless token bridging.  

“We’ve been listening to your concerns and have come up with an innovative solution to further enhance the security and integrity of our project,” the BabyDogeCoin team wrote. Notably, the 100 quadrillion BabyDoge in question has been dormant since the token launch on Ethereum.

According to the proposal, burning them will reduce every potential exploitation risk and also ensure the long-term stability and safety of the BabyDogeCoin ecosystem. “This means our community members can enjoy more efficient, and cost-effective transactions within the ecosystem,” part of the proposal added. 

100 Quadrillion burn and 0% fee on ETH proposal is now live to be voted on by the DAO

Vote here: https://t.co/bTWRzcaLmf
Orhttps://t.co/ZEAKhKyJFg

To spread awareness of the proposal we will give $500 USDT to 1 winner who:

1. Retweets this tweet
2. Follows @BabyDogeCoin pic.twitter.com/ZzDfuMlG43

— Baby Doge (@BabyDogeCoin) May 9, 2023

Voting on this proposal will end on May 16 while the burn is scheduled to happen on June 1 if the majority of the community shows support. However, the team noted that another official proposal will be drafted for the project Decentralized Autonomous Organization (DAO) to consider before enacting the burn.

“If we see overwhelming support from our incredible community, we will draft an official proposal for the DAO to consider,” the team said. 

It bears mentioning that the expected burn event would most likely not affect Babydoge’s price performance as  100 quadrillion tokens are not part of the circulating supply of BabyDogeCoin. Recall that over 52 trillion Babydoge was taken out of circulation in late January.

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In the last 24 hours, BabyDoge community members successfully took out 52,801,653,274,284 (~52.8 trillion) Babydogecoin out of its total supply. But in the past 7 and 30 days, an estimated 144.7 trillion and 743.7 trillion tokens have been incinerated at the time of writing. 

With these heavy burns recorded every day, the total BabyDoge coin burned equals 201,395,250,330,257,696 (approximately 201.3 quadrillion tokens) at the time of writing. That is, the community has successfully reduced the token’s total supply by 47.951% at the time of writing. The total supply of Babydoge is 420 quadrillion. 

Per an update from the token burn tracker, out of these overall burned tokens 33.7 trillion BabyDoge tokens worth about $50,134 were burned last Monday. In addition, approximately 731.8 trillion BABYDOGE coins have been destroyed in the past hour. 

In the past 24 hours, 33,669,636,369,369 (~$50,134) #BABYDOGE tokens have been burned. So far, 201,337,892,764,148,704 #BABYDOGE tokens (47.938%) have been burned from the total supply of 420,000,000,000,000,000. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) January 30, 2023

It bears mentioning that all these tokens were flushed out by community members and other contributors even though the  Babydoge community has no burn portal. To further increase the token burn rate, the project developers began the development of a dedicated burn portal for BABYDOGE.

Per an announcement shared earlier this month, the team announced that the BabyDoge burn portal is in development and should be complete soon. It is expected that the launch and design of this burn portal would encourage more users to burn BabyDoge coins and in turn, contribute to the price growth of the asset. 

Proud to announce our burn portal is in development and should be complete soon

If you burn #BabyDoge you can buy #BabyDoge with lower buy fees pic.twitter.com/v9qn8JlkNt

— BabyDogeSwap.com LIVE (@BabyDogeCoin) January 12, 2023

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Massive BabyDoge Burn in 24 Hours

In the quest to drastically reduce and make scarce the Baby DogeCoin which was birthed by fans of the doge meme community, a huge amount of BabyDoge has been flushed out of circulation in the last 24 hours. 

According to data retrieved by Timestabloid from the BabyDogeBurn Twitter handle and Crypteye, a popular burn and whale tracking platform, BabyDoge tokens amounting to 25,119,024,763,405 have been destroyed in the past 24 hours, at the time of writing. 

While these burns took place in several transactions, some hefty burn volumes per hour were reported by BabyDogeBurn on Twitter. In one of the updates where the largest burn volume per hour was recorded, approximately 14.96 trillion BabyDoge tokens were channeled to a dead wallet within one hour. At that time, the tokens were worth $19,585. 

14,961,430,901,109 (~$19,585) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) November 8, 2022

The second-largest burn volume in a one-hour interval showed that approximately 4.89 trillion Babydoge worth around $6,633 were burned.

4,880,739,753,043 (~$6,633) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) November 8, 2022

Read Also: BabyDoge Team Announces Launch Date of the Decentralized Exchange BabyDogeSwap

In another update, 1.37 trillion units of the Baby Doge Coin worth approximately $1,808 were taken out of circulation within one hour. 

1,373,569,960,746 (~$1,808) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) November 8, 2022

The burn tracker also showed that about 471 billion BabyDoge tokens worth $658 were sent to a dead wallet within one hour. Notably, in the last hour, more than 1.05 trillion Babydoge were burned worth about $1,269.

471,162,770,529 (~$658) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) November 7, 2022

1,055,905,947,902 (~$1,269) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) November 8, 2022

Accordingly, these and many more voluminous burns have resulted in the reduction of the hyperinflated BabyDoge total supply. Also, the number of wallets holding a portion of the meme token is on a steady rise.

At the time of writing, approximately 199.3 quadrillion Baby Doge Coins which equals 47.45% of its total supply (420 quadrillion) have been taken out of circulation, as revealed by Crypteye.

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The official launch date of #BabyDoge is estimated to be October 5th !

Just 2 weeks away

We will be discussing all features leading up to the launch! pic.twitter.com/aOEBpQwMDR

— Baby Doge (@BabyDogeCoin) September 21, 2022

Unquestionably, Shiba Inu (SHIB) and Dogecoin (DOGE) were the catalysts for the entire meme coin trend, but a few others have recently started to fall from fame. Baby Doge has recently made significant strides, garnering a lot of attention.

BabyDoge has been putting some work into BabyDogeSwap. The testnet was launched by the team on August 16, 2022. On the BNB chain, the testnet went live with users of MetaMask, and other popular wallets had access to it.

Baby Doge Coin Showcasing Increased Transaction Speeds and Adorableness

Developed by the dogecoin community, Baby Doge Coin “seeks to impress his father by showcasing his new increased transaction speeds and adorableness.” The group said on the token website that it had received donations totaling more than $750,000. The Humane Society, ASPCA, Paws with Cause, North Shore Animal League, and other dog-related charities are the recipients of the donations.

It was created as a hyper-deflationary token to become scarce over time. Each time they conduct a transaction, holders get more coins in their wallets, and some coins are also sent as part of a liquidity pair to the decentralized exchange PancakeSwap.

Many think that BabyDoge differs from competing cryptocurrencies in certain important ways. There are over 115.114 quadrillions baby doge in circulation right now, and as of today, over 1 quadrillion coins worth $1.3 million have been burnt so far.

Dogecoin has an infinite supply, despite having a maximum supply of 420 quadrillion coins. One thing is certain, BabyDoge has a passionate community fostering the cryptocurrency’s growth.

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Captioning the proof of burn, the BabyDoge team tweeted, “We have burned 50 QUADRILLION BabyDoge! Giving away $500 in 24 hours to someone who likes and RTs this post!”

We have burned 50 QUADRILLION #BabyDoge !

Proof of burn: https://t.co/SnTarSUCs6

Giving away $500 in 24 hours to someone who likes and RTs this post ! pic.twitter.com/W9MLzPQGJR

— Baby Doge (@BabyDogeCoin) July 1, 2022

BabyDoge has a total supply of 420 quadrillion tokens on the Ethereum blockchain (ERC-20).

It should be noted that this has been reduced to 193 quadrillion after today’s notable burn. The burn details is verifiable on the Ethereum chain block explorer Etherscan via the transaction link captioned in the announcement.

Read Also: BabyDoge Surges 14% After the Team Burned 14 Trillion Tokens; 196.1 Quadrillion Destroyed So Far

Similar to the Ethereum blockchain, BabyDoge has a total of 420 quadrillion in on-chain supply on the BNB smart chain. On this chain, over 196 quadrillion BabyDoge have been destroyed in the past.

According to CoinMarketCap, the price of Baby DogeCoin has surged over 6% in the past 24 hours. The current Baby DogCoin price is $0.000000001708 with a market cap of $271,309,250.

Baby Doge Coin is a meme token made to be deflationary and scarcer over time. The tokenomics of BabyDoge is designed in such a way that in every trade, some portion of baby doge coins is sent to the burn wallet automatically.

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According to the announcement, this much-anticipated BabyDoge burn has been scheduled to play out on the 1st of July 2022 in a single transaction.

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BabyDoge team tweeted on the 28th of June, “Our first community proposal ended today… 50 quadrillion burn on ETH chain on July 1st.”

Although the Baby Dogecoin community has burned quadrillions of BabyDoge tokens in the past, this coming burn is the most notable. This will remove a significant amount of BabyDoge tokens from the current circulating supply.

Read Also: BabyDoge Surges 14% After the Team Burned 14 Trillion Tokens; 196.1 Quadrillion Destroyed So Far

This notable 50 Quadrillion BabyDoge burn is coming after the first-ever community proposal launched on its birthday. Since the whopping burn is what the majority of the community members want, they massively voted to support it.

Baby Dogecoin marked its first birthday on the 2nd of June. During the event, the team behind the dog-themed token destroyed 3 quadrillion BabyDoge tokens worth $5.1 million in a single transaction.

In order to make the birthday celebration more memorable, the team behind the project launched a proposal titled, “Burn 50 Quadrillion on ETH”. The voting process on the proposal ended on the 28th of June in favor of the gargantuan burn as aforementioned.

Read Also: BabyDoge Just Burned 3.2 Quadrillion Tokens Worth over $10 Million, Making 17 Quadrillion Destroyed in 2022

BabyDoge is the third most popular canine-themed digital currency after Dogecoin (DOGE) and Shiba Inu (SHIB). According to CoinMarketCap, the digital token’s circulating supply currently stands at 115.11 Quadrillion.

It should also be noted that the popular crypto data provider has finally verified BabyDoge’s circulating supply after a year of going live on the platform.

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Did you vote?

Looks like there’s a 50 quad burn tomorrow on ETH https://t.co/Hjb7G0274R

— Baby Doge (@BabyDogeCoin) June 27, 2022

Upcoming 50 Quadrillion Tokens Burn on ETH

The idea behind the possible burning of 50 quadrillion BabyDoge Coins is to further reduce the total supply of the memecoin. To note, when tokens are burned, they are removed from circulation forever.

In marking the project’s birthday, on June 1, the BabyDoge team rolled out a burn proposal for the community to approve or vote down. The voting, which employed a single-choice voting concept, was open for 27 days only.

The voting window for this proposal was closed as of June 28 at 4:00 UTC. However, the outcome of the voting is yet to be officially announced at the time of writing.

On the voting dashboard, it reads that;

“Results could not be calculated. This is often due to a misconfigured strategy or an unresponsive RPC node involved in the strategy.”

Nonetheless, other sources say that the voting outcome is in support of the team burning 50 quadrillion BabyDoge coins on the Ethereum network in one go, on June 29.

Read Also: BabyDoge Surges 14% After the Team Burned 14 Trillion Tokens; 196.1 Quadrillion Destroyed So Far

Increasing BabyDoge Burns

The burn rate of the low cap and large volume memecoin continues to rise as more and more burn activities surface. 

Earlier today, the BurnBabyDoge Twitter handle disclosed that 10.4 trillion BabyDoge tokens have been burned in the last 24 hours. Likewise, the team previously burned 3.2 quadrillion tokens worth over $10 million.

With these massive burns taking place, the price of BabyDoge token saw a 14% price increase today as revealed by Coinmarketcap. So far, 196.1 quadrillion Baby Doge Coin tokens,  amounting to 46.70% of the memecoin’s initial supply of 420 quadrillion have been destroyed.

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According to the Twitter account, within 24 hours, a total of 10,418,636,106,169 meme coins were burned by the BabyDoge community.

By now, nearly 47% of the supply in circulation has been destroyed, which is 196,123,244,745,404,192 BabyDoge. The initial supply of the meme token constituted 420 quadrillion.

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Burn BabyDoge tweeted, “In the past 24 hours, 10,418,636,106,169 (~$17,743) BABYDOGE tokens have been burned. So far, 196,123,244,745,404,192 BABYDOGE tokens (46.696%) have been burned from the initial supply of 420,000,000,000,000,000.”

In the past 24 hours, 10,418,636,106,169 (~$17,743) #BABYDOGE tokens have been burned. So far, 196,123,244,745,404,192 #BABYDOGE tokens (46.696%) have been burned from the initial supply of 420,000,000,000,000,000. #BabyDogeCoin #BabyDogeArmy @BabyDogeCoin

— Burn BabyDoge (@babydogeburn_) June 28, 2022

Tweets Where Several BabyDoge Burns Were reported

After reporting the whopping burn mentioned above, the Burn BabyDoge Twitter account reported four different transactions that moved tokens to inferno wallets.

670,776,571,966 (~$1,142) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy

— Burn BabyDoge (@babydogeburn_) June 28, 2022

620,522,589,142 (~$1,052) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy

— Burn BabyDoge (@babydogeburn_) June 28, 2022

953,022,434,674 (~$1,643) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy

— Burn BabyDoge (@babydogeburn_) June 28, 2022

1,818,996,632,008 (~$3,176) #BABYDOGE tokens burned from the total supply in the past hour. #BabyDogeCoin #BabyDogeArmy

— Burn BabyDoge (@babydogeburn_) June 28, 2022

Read Also: BabyDoge Just Burned 3.2 Quadrillion Tokens Worth over $10 Million, Making 17 Quadrillion Destroyed in 2022

While these massive token burns have been occurring, the coin’s price demonstrated a spike of 14%, and Baby DogeCoin (BabyDoge) is changing hands at $0.000000001817, according to CoinMarketCap.

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It can be recalled that BabyDoge’s NFT collection was launched on the 20th of April 2022 for whitelisted users prior to a public mint.

Read Also: BabyDoge Just Burned 3.2 Quadrillion Tokens Worth over $10 Million, Making 17 Quadrillion Destroyed in 2022

The collection is made up of 10,000 unique Baby Doges generated through the use of 200 potential traits that include their eyes, headwear, clothing, and more. Each token is stored as an ERC-721 token on the Ethereum blockchain and hosted via the Interplanetary File System (IPFS).

BabyDoge tweeted, “Honored to announce our NFT Collection has generated $400,000 that we are donating to our charity partners! Amazing impact made by the community to help save dogs!”

Honored to announce our NFT Collection has generated $400,000 that we are donating to our charity partners!

Amazing impact made by the community to help save dogs!#BabyDoge @ASPCA @HumaneSociety @BestFriends @AnimalLeague pic.twitter.com/HiDqXrJoaj

— Baby Doge (@BabyDogeNFTs) May 3, 2022

BabyDoge was launched June 1 on the Binance Smart Chain with a mission to save as many dogs as possible, according to its website. On social media, the project’s account tagged several dog rescue organizations.

Read Also: BabyDoge Gains Real World Use Case via Integration with Singapore Based Web3 Payment Gateway

The cryptocurrency is “hyper-deflationary” as it is designed to become scarcer over time. BabyDoge holders receive more tokens automatically as every transaction on its network incurs a 10%, out of which 5% are distributed among token holders, and half are added to its liquidity.

The cryptocurrency project has recently celebrated its 11-month birthday by burning four quadrillion BABYDOGE tokens. Over 45% of the cryptocurrency’s supply has now been burned thanks to the celebratory move.

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