Dogecoin is coming back as one of the most purchased tokens among whales; here is how much they have
According to WhaleStats data, Dogecoin has made a comeback among the top 10 purchased tokens by BSC whales. This comes after a top BNB whale purchased a whopping 8.9 million Dogecoin.
WhaleStats reported that in recent hours a BNB Whale ranking 75th among the top 1,000 BNB whales he tracks bought 8.9 million Dogecoins, or $1,471,326.
On Feb. 7, the blockchain data tracker reported that Dogecoin holders had reached a count of 530,205, while the top 1,000 BNB wallets held 324,257,667 DOGE, or $50,798,116 worth. At the time of publication, the count of Dogecoin holders stands at 533,914, while the top 1,000 BNB whales are holding 324,355,501 DOGE, or $51,276,356 worth, demonstrating an increase in barely 24 hours.
Dogecoin course
Dogecoin has been steadily declining since hitting an ATH of $0.76 in May 2021, setting lower highs since then. On October 28, DOGE briefly touched the $0.339 level, but has since returned to trade below the $0.21 high reached on January 14.
The Dogecoin price received a positive boost in the past from Tesla CEO Elon Musk, who believes that Robinhood wallets would be a huge deal for Dogecoin since the top meme cryptocurrency will no longer be viewed as simply a speculative investment by Robinhood users.
In late January, Robinhood began beta testing its wallets, allowing some of its waitlist members to withdraw funds to their wallets.
Tesla began accepting the meme coin for some of its merchandise by the end of 2021, a feat that Bitcoin had yet to attain. Early in 2021, the e-car behemoth began accepting Bitcoin as payment for cars but rapidly changed course due to environmental concerns over the proof-of-work (PoW) mining process.
