Dogecoin Reaches New Milestone in Holders, Top Whales Amass 324 Million DOGE
WhaleStats reports that Dogecoin has reached a new milestone in holders as the top 1,000 BNB wallets are now holding 324 million DOGE. On Feb. 10, the blockchain data tracker reported that Dogecoin holders had reached a count of 540,034, while the top 1,000 BNB wallets held 324,663,141 DOGE, or $51,057,103 worth.
Dogecoin also ranks among the top 10 most used smart contracts for whales, according to WhaleStats analysis.
Dogecoin price action
Dogecoin has been trading in lockstep with the broader crypto market. IntoTheBlock gives a positive correlation with Bitcoin as 0.82, which seems quite high. Its last notable change came on Jan. 14, when billionaire entrepreneur Elon Musk revealed that his electric vehicle manufacturing company, Tesla, would accept payments in DOGE. DOGE rallied to as high as $0.2148 after the Tesla news on Jan. 14 but has since dropped to near $0.15. According to IntoTheBlock, despite the recent price drop, Dogecoin’s profitability is at 54%.
Dogecoin price rose earlier this week, with a break above $0.1594 and a high of $0.173. DOGE’s price action saw a short slump after hitting this double resistance as some bulls that entered at $0.12 took profits. A break above $0.16 could provide more room, allowing a 25% upside to $0.25 before the next barrier is hit.
Dogecoin recently scored another major “adoption” goal as U.S. Figure Skating—the national governing body for the sport of figure skating—began to accept donations in several cryptocurrencies, including Dogecoin, after partnering with the donation platform, Engiven.
At the time of writing, Dogecoin was trading at $0.159.
