BabyDoge Overtakes Shiba Inu As Number of Holders Surges

BabyDoge

BabyDoge has achieved an unlikely feat at Shiba Inu’s expense in the battle of the Dog-themed coins. According to WhaleStats, the third prominent memecoin has 1,608,673 holders, compared to SHIB’s 1,212,044

This achievement is remarkable because Shiba Inu remains one of the most relevant meme tokens with a massive following in the social space. Interestingly, a majority of SHIB holders are owned by ETH whales.

BabyDoge Burns Over 6 Trillion Tokens

In related news, the BabyDogeCoin community has sent 6.1 trillion tokens, equivalent to $8,148, to dead wallets in the past 24 hours. According to a tweet by Burn BabyDoge, 47.276%, i.e., nearly half of the total BabyDoge supply has been burnt.

Related: Shiba Inu Burns 582 Million in a Week, 125 Million in 24 Hours.

More Wins For BabyDoge

The BabyDoge ecosystem has excited its users as the blockchain launched its testnet on August 15, 2022.

Furthermore, the meme token was listed on the Poloniex exchange earlier this month and is scheduled to be listed on the CetoEX on August 28th. To summarize its progress, BabyDoge is currently ranked 3rd on the list of BNB projects with the highest bullish sentiment.

As part of its commitment to developing the community, the memecoin recently partnered with Ruff Haven to help pets and people who are having rough times.

BabyDogeCoin Still Behind Shiba Inu In Price

So far, the SHIB token remains one of the most popular crypto assets worldwide after surpassing its main rival, Dogecoin, in the number of Twitter followers. Additionally, Shiba Inu is bracing up for the launch of several projects in the future. However, BabyDogeCoin requires more support from developers and communities to reach the feat of Shiba Inu.

SHIB’s L2, Shibarium, is expected to launch sometime in Q3 of this year. Moreover, their new game, Shiba Eternity, is a big hit in Vietnam. Therefore, fans expect a similar reception for the game once it launches worldwide.

Currently, BabyDogeCoin is trading at $0.000000001329, up by 0.4% in the last 24 hours. On the other hand, Shiba Inu (SHIB) is trading at $0.00001321, up by 0.7% in the previous 24 hours.

Read more: Shiba Inu Lead Developer to Hold Shiba Eternity Tournaments, While SHIB is Urged to Hit $0.01.

Lekan Eyinade

Lekan Eyinade is a resourceful crypto content creator and copywriter with over two years of experience writing compelling cross-channel copies for web content, press releases, newsletters, and advertising materials.

He is adept at various communication formats, including feature articles, headlines, blogs, and social media and has used his skills to promote cryptocurrency adoption.

His interests include cryptocurrency, finance, music, and sports.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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