Dogecoin becomes the most traded token among the top 1000 BSC wallets.
Popular dog-themed cryptocurrency Dogecoin (DOGE) has recorded a significant feat, as the token became the most traded digital currency by the top 1,000 BSC wallets in the last 24 hours, Whale Stats reports today.
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 21, 2022
According to Whale Stats, a cryptocurrency on-chain metric provider, the development saw Dogecoin flip Ethereum as the most traded cryptocurrency among the top 1,000 biggest Binance Smart Chain wallets.
Following the recent milestone, the top 1,000 BSC wallets held a combined 324,950,073 (324M) DOGE, worth over $46 million at the time of writing.
Dogecoin Price Signals Buying Opportunity
In recent times, Dogecoin, which has fallen over 81.4% since it peaked at around $0.73 in May 2021, is considered to be in the buy zone.
In the last 24 hours, Dogecoin reached a high of $0.141. However, the coin’s value has shredded a slight 0.1% of its value ever since and is currently changing hands at $0.137.
With whale investors not wanting to miss this enormous opportunity presented by the current value of DOGE, they have continuously traded dog-themed cryptocurrency across various exchanges, including Binance and PancakeSwap.
Meanwhile, earlier today Dogecoin’s pseudonymous founder, Shibetoshi Nakamoto, lamented the constant calls by DOGE enthusiasts to burn the token and also cap its supply, in a bid to boost its value.