In one significant transaction, Baby Doge Coin organized its scheduled “Monthly Burn Event” for August and sent 1 Quadrillion Baby DogeCoin (BabyDoge) to the “inferno” address. The value of these tokens is estimated to be $1.3 million.
This is the tenth time since the beginning of 2022 that Baby DogeCoin has permanently removed a quadrillion BabyDoge tokens from its massive circulating supply.
According to a report published earlier, on the occasion of the BabyDoge team’s first anniversary, the largest Burn Event in the history of crypto space was held when a whopping 50 quadrillion BabyDoge, worth $88.50 million, were successfully burned through one magnificent transaction.
According to CoinGecko, BabyDoge’s initial supply of 420 quadrillion tokens has been reduced to 159.27 quadrillions in the eight months following these Monthly Burn Events.