Will massive Burn skyrocket Baby Doge Coin (BabyDoge)?
- 115 quadrillion was BabyDoge’s estimate at the conclusion of voting.
- This proposal exclusively pertains to the Ethereum network’s coins.
The spectacular vote to burn a staggering quantity of BabyDoge coins was a success. Members of the BabyDoge community voted to burn 50 quadrillion Baby Doge Coins, resulting in this choice. The event will take place on Friday, July 1.
Our first community proposal ended today:https://t.co/BtR0Cja3C2— Baby Doge (@BabyDogeCoin) June 28, 2022
50 quadrillion burn on ETH chain on July 1st#BabyDogeArmy #BabyDoge pic.twitter.com/pa1ucHgmYa
On June 1, the project’s first-year completion, the topic of burning a substantial percentage of the volume in circulation was first brought up. There were 232 quadrillion tokens in circulation at the moment. 115 quadrillion was BabyDoge’s estimate at the conclusion of voting.
For the avoidance of doubt, this proposal exclusively pertains to the Ethereum network’s coins. The BNB Beacon Chain (ex-BSC), which may or may not include BabyDoge tokens, will likewise be vulnerable to such changes.
High Volatility Expected on July 1st
BabyDoge Prices responded to the news of the decision in a variety of ways. During the voting period that ended on June 28, BabyDoge had a 15.8% gain. However, the next day, it plunged by 18 percent, bringing it to a position below where it had been at the beginning of the previous day’s increase. This has caused BabyDoge’s price to fall by 10% from yesterday’s close and around 13% from its value on June 1.
When 50 quadrillion tokens are burnt, it will be fascinating to see how the price and capitalization of BabyDoge evolve. A massive one-time token burning like this may be unprecedented in history. According to CMC, the Baby Doge Coin price today is $1.66e-9 USD with a 24-hour trading volume of $9,986,503 USD. Baby Doge Coin has been up 3.72% in the last 24 hours.
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