Binance Smart Chain (BSC) Whales After Dogecoin

Estimated read time 2 min read
  •  Report shows that whales in the Binance Smart Chain have shown great interest in Dogecoin as the meme coin Reemerges in the top ten list of most used smart contracts on Binance Smart Chain (BSC).
  • Notably, Robinhooh holds 29.99% of Dogecoin’s supply in place of its investors.

WhaleStats crypto analytics service passed the word that Whales in the Binance Smart Chain are keeping tabs on Dogecoin. The coin which started as a social media joke back in 2013 is now being given seious consideration. WhaleStats crypto analytics, a data aggregator shared a tweet stating that Dogcoin has made a come back in the top ten list of the most used smart contracts on Binance Smart Chain.

A smart contract is a self-proppeled contract with the terms of the agreement between two parties being directly written in cord form.

Currently, Dogecoin in the 10th position according to coinmarket cap is trading at $0.06833, a 0.78% drop in the last 24 hours

RobinHood Possess 29.99% of Dogecoin

The most popular Meme coin might have started off as a mere joke back then but companies have put Dogecoin into consideration as a method of payment. As many may speculate that the biggest holder of Dogecoin is Tesla’s CEO Elon musk. Shockingly he is not, Data from @DogeWhaleAlert Twitter account which focuses on tracking whale activity in the Dogecoin Blockchain stated that Robinhood, an American financial services company holds a whooping 39,788,383,750 DOGE on behalf of its investors worth $2,685,238,443 USD.

According to the Twitter account, Robinhood held its preciious DOGE in two wallets using 8 known addresses. Recently, it has moved its enormous coins in another wallet.

What is Elon Musk PLanning For Dogecoin?

Matt Wallace, A huge supporter of Dogecoin with an army of 627,000 followers posted a tweet stating that Elon Musk has a special  plan for Dogecoin up his sleeve.

Dogecoin experiened a significant surge in transaction after Tesla started accepting DOGE as a method of payment early this year. Half a year later, Space X run by Dogecoins biggest influencer Elon Musk started accepting Dogcoin. A month later Elon’s own, The Boring Cmpany also started its adoption in payment.

As he posts in his tweets terming the meme coin as”the currency of the people” promising to “take the literal DOGE to the literal moon.”

 

 

 

 

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