Baby Dogecoin (BabyDoge), the canine-themed meme token built on Binance Smart Chain (BSC), has been listed as the top trending project on Certik security leaderboard.
This development was revealed by Baby Doge on Twitter on March 22 and attracted the attention of its teeming community of followers.
Baby Doge surpassed other projects like Hamster and ShibaSwap which have gotten the attention of many crypto enthusiasts in recent weeks. According to some analysts, Baby Doge leading the trend charts is a good indication that the memecoin is attracting mainstream adoption and popularity.
Certik security leaderboard is one of the trusted metrics published by cyber security platform Certik and includes different parameters. The trending project section is highly coveted and highlights popular crypto projects within the past week.
Recent developments in Baby Doge
Unsurprisingly several experts have attributed this latest development to the recent burn that took place earlier in the month. About 4 Quadrillion Baby Doge tokens were burned out of circulation as part of the continuous burning process that began at the start of the year.
This burning mechanism is an important aspect of its tokenomics and so far 9.8 quadrillion Baby Doge tokens have been burned in the past 2 months. Furthermore, BabyDoge has the highest number of unique wallet addresses among meme tokens (1.4 million) While its competitors Shiba Inu (SHIB) and Dogecoin (DOGE) stand a little above 1.1 million and 563,000 unique addresses, respectively.
Moreover, Baby Dogecoin (BabyDoge) is the third-largest canine-themed meme token, standing behind the two largest meme tokens, Dogecoin (DOGE) and Shiba Inu (SHIB).
