Large burn operations have been carried out for Baby Doge Coin (BABYDOGE) to reduce supply and increase scarcity. Since the launch of the coin, approximately 264.223 trillion coins have been burned, reducing the circulating supply to about 155.777 trillion from an initial total supply of 420,000 trillion.
Binance
In July 2022, 50 trillion coins were burned. A dedicated burn portal was also launched to facilitate community participation in the burn operations. Additionally, 5% of every transaction conducted on the network is burned, leading to a continuous decrease in the amount of circulating coins and an increase in scarcity over time.
Binance
In March 2023, more than half a trillion (573 trillion) of BABYDOGE tokens were burned, worth approximately $1.49 million, as part of the team's and community's efforts to reduce supply
