Wednesday, November 30, 2022
HomeCrypto NewsMarketDogecoin Becomes Top Purchased Coin Among 100 Biggest BSC Whales

Dogecoin Becomes Top Purchased Coin Among 100 Biggest BSC Whales

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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.

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.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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