Recently shared data indicates that interest of BSC investors in Dogecoin is on rise
The WhaleStats crypto analytics service – which focuses on multiple chains including Ethereum, BNB Chain (formerly known as BSC) and Polygon – has spread the word that whales on Binance Smart Chain are now followed by Dogecoin, which is the coin was launched in 2013 as one. Parody on bitcoin.
DOGE among most used smart contracts
In a recent tweet, the aforementioned on-chain data aggregator announced that Dogecoin has reentered the list of the top 10 most used smart contracts on Binance Smart Chain (BSC).
While Bitcoin and Ethereum have seen significant declines over the past week and are trading below $22,000 and $1,600, Dogecoin, along with Shiba Inu, the second-largest meme coin, has also seen a steep decline, almost 25 since August 18. % Lost it.
At press time, DOGE is changing hands at $0.0664, demonstrating a 4% drop over the past 24 hours. This is 90.98% below its historic peak of $0.7376 reached on May 8 last year after the historic debut of Elon Musk on Saturday Night Live, where he shilled the meme cryptocurrency to millions of viewers in the USA.
Dogecoin adoption widens
Over the past few months, DOGE adoption has increased significantly as it was accepted by Switzerland-based elite watchmaker Hublot, Uber Eats, Tag Heuer and many other businesses. They now accept not only Dogecoin, but its rival SHIB, Bitcoin, Ethereum and other cryptos through payment processor Bitpay.
Besides, recently, U.Today covered that BlueBit.io, based in St. Vincent and Grenadines and Dubai, which was launched this year, had added support for Dogecoin following its listing of Shiba Inu.
Robinhood owns 29.99% of DOGE supply
According to the @DogeWhaleAlert Twitter account focused on tracking large transactions at DOGE, the popular trading app Robinhood – which allows its clients to invest in the stock market and digital assets – now serves 39,788,383,750 Dogecoin on behalf of its investors. keeps.
This is equal to $2,761,671,928 and comprises 29.99% of the overall circulating supply of the meme cryptocurrency.
According to the tracker’s website, until recently, Robinhood kept its customers’ DOGE in two wallets using eight known addresses. Recently, however, it has moved its customers’ canine coins to a new wallet.
“Elon Musk has a secret plan for DOGE”
Twitter user Matt Wallace, a supporter of Dogecoin with an army of over 627,000 followers, has posted a tweet saying that “Elon Musk has a special plan for Dogecoin up his sleeve.”
In another tweet, he mentioned that DOGE saw the biggest jump in transactions when Tesla began accepting it as payment for goods in January of this year.
In May, nearly half a year later, SpaceX — also run by eccentric billionaire Elon Musk also began accepting payments in DOGE. In June, another company owned by Musk, The Boring Company, began accepting Dogecoin, accelerating its adoption.
In his previous tweets, Musk referred to DOGE as “the currency of the people” and promised to “take the literal DOGE to the moon.”
