Dogecoin (DOGE) Trading Volume Spikes on Elon Musk’s Recent “420 Tesla” News

It has become known that the largest meme token by market cap value, Dogecoin, has entered the list of the top 10 crypto assets with the highest trading volume among the biggest whales on Binance Smart Chain.

WhaleStats wallet tracker has tweeted that Dogecoin has entered the top 10 list of assets with the biggest trading volume over the past 24 hours.

JUST IN: $DOGE @dogecoin is back on top 10 by trading volume among 100 biggest #BSC whales in the last 24hrs 🐳

Check the top 100 whales here: https://t.co/0SYnjw0xQs

(and hodl $BBW to see data for the top 4000!)#DOGE #whalestats #babywhale #BBW pic.twitter.com/xkYwMnUh1n

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 4, 2023

Binance shovels hundreds of millions of DOGE

In the meantime, the other day, Binance transferred nearly 300 million Dogecoin to anonymous wallets — that sum in crypto is worth $27.4 million. These transfers present a likely sign that crypto whales have been accumulating DOGE.

Besides, the adoption of DOGE is gradually spreading as recently, FCF Pay customers have voted for this blockchain payments processor to add Dogecoin for payments via its virtual prepaid debit cards.

BNB has so far won in the poll, but the company stated that DOGE and Ethereum would get a second chance in the next poll.

DOGE fan Elon Musk beats SEC in court

As reported by U.Today earlier, the biggest Dogecoin supporter Elon Musk was announced not guilty by the jury in court concerning the charges of the SEC made against him back in 2018.

The regulatory agency accused the Tesla boss of breaking the federal law on securities after he posted a tweet in which he said that he was taking Tesla private at $420 with funding secured.

Elon Musk posted a tweet to thank the jury for stating that he was innocent of the charges in the Tesla 420 take-private case.