Dogecoin emerges as a trendy asset for top BSC whales. $DOGE elonmusk WhaleStatsBSC
While Bitcoin and Ethereum have seen significant drops last week and are trading below $22,000 and $1,600, Dogecoin, along with the second largest meme coin Shiba Inu, have also declined heavily, losing nearly 25% since Aug. 18.
At press time, DOGE is changing hands at $0.0664, demonstrating a 4% drop over the past 24 hours. This is 90.98% below its historic peak of $0.7376 reached on May 8 last year after the historic debut of Elon Musk on Saturday Night Live, where he shilled the meme cryptocurrency to millions of viewers in the USA.Over the past few months, DOGE adoption has increased considerably as it was accepted by Switzerland-based elite watchmaking, Uber Eats, Tag Heuer and multiple other businesses.
Besides, recently, U.Today covered that BlueBit.io, based in St. Vincent and Grenadines and Dubai, which was launched this year, had added support for Dogecoin following its listing of Shiba Inu.According to @DogeWhaleAlert Twitter account focused on tracking large transactions in DOGE, popular trading app Robinhood — which allows its customers to invest in the stock market and digital assets — now holds a smashing 39,788,383,750 Dogecoins on behalf of its investors.
This is equal to $2,761,671,928 and comprises 29.99% of the overall circulating supply of the meme cryptocurrency. According to the tracker's website, until recently, Robinhood held its customers' DOGE in two wallets using eight known addresses. Recently, however, it has moved the canine coins of its clients to a new wallet.
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