Recently, several BabyDoge investors reportedly disclosed that the project team is pressuring community members through various channels to proactively destroy the tokens they hold. This unusual move has sparked widespread skepticism—does the project team not burn them itself, but instead make retail investors pay the bill?
First red flag: the team had already “slipped away” long ago
August 2024, #BabyDoge the official announcement stated that it would give up all ownership of Ethereum and BNB Chain on-chain token contracts, claiming it would “let the project be driven by the community.” On the surface, this looks decentralized; in reality, it’s about evading responsibility. After the contract ownership is relinquished, the team is no longer responsible for any operations involving the tokens, while the “ability to destroy the tokens remains effective.” This means the community can destroy the tokens, but the team bears no legal or moral responsibility.
Red flag two: The team doesn’t have the heart to burn themselves, but makes the community “take the lead”
The project has been live for over four years, and the operators’ tactics have remained unchanged. One investor said directly: “For six years, nothing has been done—only the developers keep selling along the way. This trash coin is nothing more than a sweet promise, while the community is expected to burn along with them. The developers should burn their own tokens.” Another insider pointed out: “The team has already burned more than half. They almost have nothing left. The remaining coins belong to the holders. The team keeps holding on to them like death grips.” Translate this: the team long ago sold off all the tokens they had, and what they’re watching now is the little stash in retail investors’ pockets.
Red flag three: Burning is just a gimmick—it can’t change the essence at all.
#babydoge The initial circulating supply is as high as 420 trillion, and only scattered burnings—barely a drop in the bucket. A community member put it bluntly: “Burning a little is just a smokescreen; it can’t make the price go up.” The project’s mechanism itself doesn’t align with tokenomics—every trade charges a 12% fee. Early whale investors keep receiving large dividends and then dump their holdings. When retail users buy in, they’re immediately trapped. This is a textbook “pig-butchering” scheme: they first lure investors into buying with a “deflation via burning” story, and once the project team has finished unloading, they then turn around and trick the community into burning tokens themselves—so they don’t have to spend their own money while creating a false appearance of “community consensus.” In the end, retail holders’ coins become less and less, while the team has long since cashed out and walked away. If you hold #BabyDoge , please keep your eyes wide open—what they make you burn is the real assets you paid for with hard-earned money, while they secretly sell in the background.
