Wednesday, February 1, 2023
HomeCrypto NewsAltcoinsTop BNB Whale Purchases 400 Million Dogecoin (DOGE) Worth $31.6M

Top BNB Whale Purchases 400 Million Dogecoin (DOGE) Worth $31.6M

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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.

Read more👉Twitter Bots: Data Suggests Dogecoin Has Over 1 Million Fake Followers While Shiba Inu Has None 

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.

Related 👉Dogecoin Founder Says New US Crypto Bill Targets DAOs, DeFi, Stablecoins, And Exchanges

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Lekan Eyinade
Lekan Eyinade is a resourceful crypto content creator and copywriter with over two years of experience writing compelling cross-channel copies for web content, press releases, newsletters, and advertising materials. He is adept at various communication formats, including feature articles, headlines, blogs, and social media and has used his skills to promote cryptocurrency adoption. His interests include cryptocurrency, finance, music, and sports.
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