DOGE is attracting the attention of the biggest whales on Binance Smart Chain, and its creator is excited.
Dogecoin appears to be doing well of late. While the current market conditions are extended to most other cryptos, DOGE’s case seems to be a bit different in that it has regained its foothold as one of the most favored coins by crypto whales.
Apparently, these Binance Smart Chain (BSC) whales have taken a keen interest in buying DOGE. Over the last 24 hours, Dogecoin has joined the list of the ten most purchased coins by the 100 largest whales on the chain, according to whale stats.
JUST IN: $DOGE @dogecoin is back on top 10 purchased tokens among 100 biggest #BSC whales in the last 24hrs ?
We’ve also got $EGLD, $GHC, $MOVEZ, $SCLP & $RACA on the list ?
Whale leaderboard: https://t.co/0SYnjw0xQs#DOGE #whalestats #babywhale #BBW pic.twitter.com/kxJVmSe3m0
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) July 18, 2022
Transaction Volume Increased
As reported by The Crypto Basic, The increased attention towards Dogecoin by the said whales may have contributed to the spike in transaction volumes. This increase seems to have caught the eye of the coin’s co-creator, Billy Markus. He made a point of sharing this revelation with his fans in a Twitter post.
He shared a chart that showed the figure of 72,764 in DOGE’s transaction volume as of July 17. That said, the development of the last 24 hours may have pushed the figure even higher.
It is noteworthy that this is the highest volume of daily transactions seen for the world’s largest meme cryptocurrency in the last 14 months.
Dogecoin Is Hiring
The increased interest in the father of all meme coins can be a result of the recent hiring by the Doge team to make something new and a better product for the world’s good.
Price Action
However, the whales’ spree on BSC hasn’t significantly impacted DOGE’s price. Still, the coin has recovered a 24-hour price increase of around 5% – which is significant considering that the crypto market has been under heavy pressure from bears since the start of the year.
Time will tell if this upward trend will continue and how much the whale activity will impact the coin’s price. Currently, DOGE is trading at around $0.066 and sits at position 10 in the charts.
– Advertisement –
Source: https://thecryptobasic.com/2022/07/18/dogecoin-is-now-among-the-10-most-bought-coins-by-the-100-biggest-whales-on-binance-chain/?utm_source=rss&utm_medium=rss&utm_campaign=dogecoin-is-now-among-the-10-most-bought-coins-by-the-100-biggest-whales-on-binance-chain