Baby Doge is a relatively new cryptocurrency that launched in June 2021. It is modeled after the popular Dogecoin meme cryptocurrency and features the image of a baby Shiba Inu dog as its mascot. Baby Doge quickly gained a lot of interest and market capitalization due to its association with the Dogecoin name and meme appeal. However, there has been some uncertainty around who exactly created Baby Doge and who owns the large supply of the tokens. In this article, we will look at the origins of Baby Doge, its ownership structure, and what we know about who owns the cryptocurrency.
Who Created Baby Doge?
Unlike many other cryptocurrencies, there is no clear public information on who exactly founded and launched Baby Doge. The person or group behind it has remained anonymous since its creation. This is not unusual in the cryptocurrency space, as the creators of Dogecoin and Bitcoin also remain unknown to this day.
Baby Doge first emerged on the Binance Smart Chain in early June 2021. Around June 1, a website was launched at babydoge.com along with social media accounts on Twitter and Telegram. However, no individual or group has publicly come forward to claim responsibility for creating the currency.
The anonymity of Baby Doge’s founder makes it difficult to know for sure who owns a large portion of the supply and who profits most from the coins. This lack of transparency from cryptocurrency creators is often cited as a risk factor for investors. Without a known founder, there is less accountability.
Supply Structure and Distribution
When Baby Doge launched, it had a total supply of 420 quadrillion tokens. Yes, that is 420 followed by 15 zeros! This extremely large number was intended to emulate Dogecoin’s massive supply in the hundreds of billions.
Of the 420 quadrillion Baby Doge tokens created, half were permanently locked into a liquidity pool on the blockchain. This pool facilitates trading on decentralized exchanges. The other half, 210 quadrillion tokens, represent the circulating supply.
Out of the circulating supply, 100 quadrillion tokens (about 48% of current circulation) were retained by the project itself. This leaves about 110 quadrillion tokens distributed to the public through trading and other means.
Here is a breakdown of the total Baby Doge supply and distribution:
| Total Supply | 420 Quadrillion |
| Liquidity Pool (Locked) | 210 Quadrillion |
| In Circulation | 210 Quadrillion |
| – Retained by Project | 100 Quadrillion |
| – Distributed Publicly | 110 Quadrillion |
This structure means that nearly half of the circulating supply is retained by the anonymous Baby Doge project creators. At the current market price of around $0.0000000001, those 100 quadrillion tokens would be worth close to $1 billion.
Whale Wallets Hold Large Portions
In addition to the 100 quadrillion tokens held by the project itself, a few major “whale” wallets hold significant amounts of Baby Doge.
According to BscScan data, here are some of the top token holders:
| Wallet Address | Baby Doge Balance |
| 0xba62d94ac3ea9d0f3b653ad56b3f956734506751 | 15,000,000,000,000,000 |
| 0xf421441e3cb7ae4e5ca11413e92262cc73dcefd8 | 13,333,333,333,333 |
| 0xc13102372a9515d7412695febaee9d2b39f70956 | 10,000,000,000,000 |
As you can see, several wallets hold over 10 quadrillion Baby Doge each, giving them enormous stakes in the circulating supply. It is not clear whether these whale wallets are associated with the project creators or just large individual investors.
Founder Wallets
While the project creators remain anonymous, some blockchain analysis has identified wallets likely belonging to the founders, based on very early mining activity and transactions.
For example, one report identified the following two wallets as likely being controlled by founders:
– 0xa40bf3e57e267e6d3c8b50b5d2a66c5b49550dc6
– 0x464b060e01c6bd66e655f967ee70fa9ff5df96f8
These two wallets received trillions of tokens in the genesis block when Baby Doge launched. One also sent tokens to the burn address to initiate the 210 quadrillion token lockup. While unconfirmed, this on-chain activity suggests they likely belong to insiders.
Conclusion
While the founder(s) of Baby Doge remain unidentified, blockchain data shows that a large portion of the supply is controlled by the project’s anonymous creators. Between the 100 quadrillion tokens retained by the project and possible founder wallets, upwards of 50% of Baby Doge’s circulating supply is owned by its original developers.
Major whale wallets also hold huge amounts of Baby Doge, adding to the centralization among a few large holders. With no public founders to be accountable to, investors should be cautious about this concentration of ownership. But the popularity of the Dogecoin meme and brand continues to drive interest in Baby Doge despite its opaque origins.