On May 1, BNB Smart Chain (BSC) token BabyDogeCoin (BABYDOGE) burned 4 quadrillion tokens to mark its “11 Month Birthday”. Memecoin has now burned 45% of its initial 420 quadrillion supply, but despite the massive token consumption, some community members are saying that the latest burn is still too low in a few quadrillion BABYDOGE,
Despite complaints from some sections of the community, the latest BABYDOGE burn has had a positive effect on the coin’s price. BABYDOGE has increased by 3.5% per token to $0.00000001832 in the last 24 hours. BABYDOGE is down in a 7 day (-20.2%), 14 day (-23.8%), and 30 day (-42.2%) rolling period.
It is this long-term picture that fuels discontent within certain sections of BabyDogeCoin’s user base. A community member of the BabyDogeCoin Discord channel argued that the burn needs to be increased by a massive fivefold for the project to provide significant momentum.
“Is there any plan to increase the amount of burn every month? 4 quadrillion is just too little. We need 20+ per month to reach this project [sic] Real potential IMO,” said the community member.
However, that claim was met with unreliability.
“Eh? We are 11 months old and have burned 45.76% of the supply…” replied a fellow user.
On Crypto Twitter, which can generally be relied upon to host the most polarized voices in any debate, the criticisms were predictably more intense.
One user even said that they “tired“Less quadrillion burns and the next one has to be a better 50 quadrillion.
a positive trend line
Even in the face of some major peaks and troughs, community members with skills in technical analysis point out that the long-term trend line for BabyDogeCoin over the past 11 months remains positive. Hodlers with diamond hands will expect the longer term trend line to continue in 2022 and beyond.
However, this obviously will not satisfy everyone. In the always impatient world of crypto, where luck won and lost before lunch and won again before dinner, even four quadrillion (4,000,000,000,000,000) are clearly too little for some. the number is.
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