Another month, another burn for Baby Doge Coin (BabyDoge).
Baby Doge Coin just shared proof of burn via its official Twitter handle and reported that they have burned another 4.8 Quadrillion tokens worth $20 million USD.
4.8 quadrillion #BabyDoge burned! ?
What the meme ?
Proof of burn: https://t.co/lxMkJeyzXX pic.twitter.com/4fVr3rW63T
— BabyDoge (@BabyDogeCoin) February 1, 2022
Following the burning tweet, Baby Doge Coin price jumped more than 3% and is trading at the price of $0.000000004331 USD per coin. With this increase in price, the market cap of the meme coin has jumped to $675.328 million USD and becomes the 121st biggest cryptocurrency in the world as per the data provided by CoinGecko.
On the other hand, CoinGecko has updated the circulating supply for the token instantly i.e., from 164 Quadrillion to 159.278 Quadrillion tokens. The instant change in circulating supply on the CoinGecko website also confirms the burn.
This is not the first time BabyDoge has done such a massive burn.
Formerly on January 2, Baby DogeCoin had confirmed the transaction of 5 Quadrillion Baby Doge Coins estimated at $11.50M to the burn wallet.
Since the start of the New Year 2022, BabyDoge is gaining massive popularity and is regularly seen as trending on Twitter. 907.2K people are now following the official Twitter handle of BabyDoge and the number continues to increase at a rapid pace.
According to the recent data from WhaleStats, BabyDoge has set a new record in terms of holders’ count. The dog token crossed an astonishing 1.3M holders. To be precise, 1,364,611 accounts are holding BabyDoge at the moment.
In addition, the WhaleStats data also revealed that BabyDoge has flipped Ethereum and become the most traded token among the top 1000 BSC wallets, and the top 1000 BNB wallets are now holding 937,273,486,501,487 of BabyDoge valued at $3,932,818 USD.