BabyDoge, a well-known memecoin, has revealed plans for a substantial token burn, involving approximately 100 quadrillion tokens. The official BabyDoge Twitter account has specified that this event is scheduled to take place on June 1, 2023. Looking at the community comments about the event on Twitter, it seems like this burn is from ETH bridge, so it probably won’t effect the price of the BabyDoge coin. We are still waiting for more details at this point.
In recent developments, BabyDoge has been added to Giottus, an Indian cryptocurrency exchange. Furthermore, Forbes Tech has recognized BabyDoge as a digital asset.
There have been reports of a significant token burn, with approximately 205 quadrillion BabyDoge tokens being destroyed. This represents a total value of $432 million as of May 21, 2023.
New World Record
On May 20, 2023, in Bentonville, Arkansas, USA, BabyDoge and Best Friends Animal Society (both based in the USA) accomplished the impressive feat of making the largest pet food donation within a span of 24 hours. The donated amount weighed in at 36,750.88 kg (81,021 lb 11 oz).
0% Fee on Ethereum
With the approval of a proposal, BabyDoge has achieved a significant milestone by introducing a 0% fee structure on the Ethereum network. This implementation of zero fees signifies a major advancement for the coin, ensuring that its community members can enjoy smooth and economical transactions.
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