The leading Japanese guard dog themed memecurrency Dogecoin (DOGE) experienced a major influx of new whales on the Binance Smart Chain (BSC) today, as the headlines are mainly focused on the infamous Sam Bankman-Fried’s arrest in the Bahamas. The corrupt founder of FTX sparked various rumors around Crypto Twitter, which led to bullish signals for Bankman-Fried’s arch nemesis, the largest crypto exchange Binance and its CEO CZ.
Thus, the TOP 4000 Whales on Binance Smart Chain (BSC) took interest in Dogecoin (DOGE) around the price of $0.087. The weekly price plunge of 11.7% for DOGE served a wake-up call to the BSC Whales, as Dogecoin (DOGE) entered the TOP 10 most accumulated crypto assets, along with the blockchain’s native BNB (BNB).
DOGE’s Star Shines Bright On Coinbase
Ultimately, over 38 transactions worth $1 million in a matter of hours indicate heavy crypto investors are choosing the canine coin for a long-term investment. However, the largest transactions seen today tower above, as 4 of them, each worth around $14.5 million, were made in Coinbase related transfers. Totalling a colossal $58 million, the funds were sent to a Coinbase Pro wallet.
At press time, $14.5 million is worth 170430757 Dogecoin (DOGE). Furthermore, Coinbase users are eying Dogecoin (DOGE) for the price below the key resistance level of $0.09, as seen in the 24-hour trading stats.
Crypto enthusiasts on Coinbase pressed DOGE’s accelerator and opened the throttle, as the buying sentiment is at 93%, compared to the 7% that choose to sell their memecurrency assets. Besides, Twitter 2.0 with CEO Elon Musk contemplating on Tesla Phone & Crypto Twitter Wallet heavily contributed towards the intense buying spree.
As the leader of the memecoins DOGE is rumored to be the centerpiece of the cryptocurrency wallet, the 8th-ranked, second largest Proof of Work (PoW) blockchain, is enjoying more social mentions than ever.
Dogecoin’s (DOGE) Rebound Efforts
At press time, Elon Musk’s beloved Dogecoin (DOGE) is changing hands at $0.090092, according to CoinGecko. The 1.2% spike since the aforementioned BSC Whale transactions gave more confidence to both crypto analysts and the light-hearted DOGE Army. For instance, YouTuber, crypto investor and technical analyst Myles G investments didn’t even bother with charts, and simply said: “#dogecoin is about to pop this week. Thank me later.”
Whale activity often suggests the level of trust the largest investors have in the asset.
Sourced from dailycoin.com.
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by Tadas Klimasevskis on 2022-12-13 13:00:40.
