Dogecoin has returned to become one of the most actively purchased assets by BSC whales
According to recent data from WhaleStats’ official Twitter handle, Dogecoin has once again become one of the most actively bought assets by BSC whales as its price consolidates for a next major move. Data from IntoTheBlock could also suggest that Dogecoin whales have been on their toes over the past 24 hours, with a 24% increase in large transactions.
Large transaction spikes are frequently associated with increased activity from institutional players, or whales, who are either buying or selling. These transactions exceed $100,000 in value, according to IntoTheBlock.
Likewise, the profitability of the biggest cryptocurrency meme remains at 53%, after falling below 50% earlier in the month. TAG Heuer, a Swiss luxury watchmaker, recently announced that it now accepts cryptocurrencies, “Dogecoin included”, as a means of payment through a partnership with BitPay.
New Doge trading pair listed on OKX
Cryptocurrency exchange OKX has announced the listing of a new Dogecoin trading pair, DOGE/USDC, on its spot trading markets.
According to the release, spot trading for DOGE/USDC is expected to begin on May 23, 2022. As seen on CoinMarketCap, Dogecoin was trading up 3.76% at $0.087 at press time.
Dogecoin rose from lows of $0.082 on May 21, having met significant support at this key level, to reach highs of $0.088 today, thus setting up to mark the third consecutive day in the green. The rebound comes as Dogecoin suffered significant losses earlier in May, dipping as low as $0.065.
