Dogecoin Becomes Top Purchased Coin.
As per data provided by WhaleStats, Dogecoin (DOGE) becomes the top purchased token and top most used smart contract by 100 biggest BSC whales.
JUST IN: $DOGE @dogecoin now on top purchased tokens and top most used smart contracts by 100 biggest #BSC whales over the last 24hrs 🐕🐕#dogecoin #dogearmy #dogefam #DogeCommunity pic.twitter.com/adsWYTrC6L
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) March 14, 2022
This comes after Elon Musk confirmed via tweet that he’s still holding Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) and has no plans to sell them.
Musk had posted a question on Twitter about his thoughts on the likely rate of inflation over the next few years.
To his tweet, Michael Saylor, the chief executive officer (CEO) of MicroStrategy Inc. and a prominent Bitcoin bull, replied: “USD consumer inflation will continue near all-time highs, and asset inflation will run at double the rate of consumer inflation. Weaker currencies will collapse, and the flight of capital from cash, debt, & value stocks to scarce property like Bitcoin will intensify.”
To which, Musk responded, “It is not entirely unpredictable that you would reach that conclusion.” “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum, or Doge FWIW,” Elon Musk tweeted.
Following this conversation, Dogecoin rose 3.9% to $0.11, before falling 1.2% in early morning trading. At the time of writing, Dogecoin is trading at the price of $0.1125, down -1.52% for the day, with a 24-hour trading volume of $490,300,507.
Looking deep into the WhaleStats data, we found that Dogecoin is currently the 6th biggest holding among the top 100 BSC wallets and they are holding a $32,435,546 USD value of DOGE.