A Binance whale has made a massive purchase of Dogecoin.
According to data shared by WhaleStats, a crypto data platform that tracks the activities of the richest whales based on the Binance Smart Chain (BSC), a Binance Coin (BNB) whale has purchased a large amount of Dogecoin (DOGE).
The BNB whale, who goes by the pseudonym “Scarlet Witch” made the transaction earlier today. Per the data shared by WhaleStats, the Binance whale bought a whopping 400 million DOGE, worth $31.66 million.
The transaction, which occurred earlier today, saw the whale pay a paltry $0.11 fee.
Notably, Scarlet Witch is one of the top whales on the Binance Smart Chain and is ranked as the 74-largest in WhaleStats ranking.
??????? BNB whale "Scarlet Witch" just bought 400,000,000 $doge ($31,666,000 USD).
Ranked #74 on WhaleStats: https://t.co/1zsBgYri2A
Transaction: https://t.co/rX3pGwHcGm#DOGE #BEP20 #BNB #whalestats #babywhale #BBW
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) June 10, 2022
Top Crypto Investors Love Dogecoin
While small traders have chosen to remain in stablecoin amid the recent price dip, cryptocurrency whales are taking advantage of crypto low prices to increase their positions in different digital currencies.
At the time of writing this line, DOGE is changing hands around $0.07, down 89.3% from its all-time high.
Despite the massive plunge in Dogecoin since last year, top cryptocurrency players have always thrown their weight behind the memecoin.
For instance, Elon Musk, the CEO and founder of American electric car company Tesla, has always been supportive of the asset class. 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 professed his love for Dogecoin publicly, as he referred to the cryptocurrency as his best friend.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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