WhaleStats, a data platform dedicated to cryptocurrency activities, recorded that a Binance Coin (BNB) whale has bought a large amount of Dogecoin (DOGE).
The BNB whale, also known as “Scarlet Witch” made the transaction earlier today. According to data shared by WhaleStats, the Binance whale accumulated 400 million DOGE, worth $31.66 million. In addition, the transaction, which occurred earlier today, saw the whale pay a $0.11 fee.
Interestingly, Scarlet Witch ranks among the top whales on the Binance Smart Chain, standing as the 74-largest in WhaleStats ranking.
Dogecoin Gaining Attention From Top Investors
While a few investors have chosen stablecoins amid the recent price dip, cryptocurrency whales are taking advantage of low crypto prices to increase their positions in different digital currencies.
DOGE is currently changing hands at around $0.07, down 89.3% from its all-time high.
Despite the massive plunge in Dogecoin since last year, top cryptocurrency investors still stand firm behind the memecoin.
Additionally, Elon Musk, the CEO of Tesla, has always supported the dog-themed token. Similarly, Vladimir Tenev, the CEO and co-founder of Robinhood, has also thrown his weight behind the cryptocurrency, suggesting ways that will help the coin to become the currency of the internet.
Yesterday, Tenev showed off Dogecoin as his best friend on social media.