BabyDoge Hodlers Hit All Time-high, Overtakes Shiba Inu

Vignesh Karunanidhi
BabyDoge Holders Hits All Time-high, Overtakes Shiba Inu Holders
Source: Web3wire

The crypto market was going through a busy day as the merge finally happened today. The crypto market that was showing signs of slow recovery slumped after the CPI numbers were out.

The memecoins have also taken a hit, as DOGE and SHIB are currently trading at $0.06042 and $0.000012 respectively. DOGE and SHIB are down 0.98% and 2% in the last 24 hours. BabyDoge is also trading at $0.000000001226, with a 24-hour drop of 0.65%.

The battle between BabyDoge and Shiba Inu

The Twitter handle BabyDoge, which keeps the memecoin community up to date on the latest updates and holder details, shared some new information. According to the latest tweet, in the last 24 hours alone, BabyDoge has harnessed over 385 new hodlers.

The present number of hodlers now stands at 1,615,777, which is the highest ever recorded. BABYDOGE had 1.61 million hodlers as of September 1. As per the updates from the Twitter user, BABYDOGE has also gained over 16 hodlers in the last hour.

This number continues to be higher than the number of holders of Shiba Inu, the second-largest meme token by market valuation. SHIB has 1,222,639 hodlers, according to the WhaleStats website.

Even if comparatively, SHIB’s numbers are lower, its hodlers have been rising. The figure has already climbed to 1.22 million from 28 August’s monthly low of 1.211 million.

The BABYDOGE team is also going all in with its burn initiatives. As per the data let out by the Twitter user, the community has burned over 7,123,163,570,280 tokens in the last 24 hours. The burn amount, according to the current piece, is worth a whopping $8680.’

The memecoin frenzy has taken over the crypto realm recently. With each memecoin fighting to take the top spot, which dog coin will reign supreme? I guess we should wait and watch.