According to WhaleStats, Dogecoin, also known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders. On the way to this achievement, DOGE overtook Filecoin's token, FIL, which has been particularly popular with these investors in recent days.
📰 JUST IN: $DOGE @dogecoin flipped $FIL for MOST TRADED token among top 100 #BSC whales
— WhaleStats - the top 1000 BSC richlist (@WhaleStatsBSC) December 26, 2022
Check the top 100 whales here: https://t.co/0SYnjw0xQs
(and hodl $BBW to see data for the top 4000!)#DOGE #FIL #whalestats #babywhale #BBW pic.twitter.com/KPYGe8wiVM
The rise in DOGE trading volumes came just after the eccentric billionaire and new Twitter boss, Elon Musk, posted Christmas greetings, backed by pictures of his dogs. It is seemingly nothing special, but you can spot the Dogecoin logo on one of them, which is of the Shiba Inu breed.
Merry Christmas & Good Cheer to All! pic.twitter.com/SupTpz4bLY
— Elon Musk (@elonmusk) December 25, 2022
Although another mention of DOGE by Musk did not have a significant impact on the token's price, its trading volumes during the holiday showed a higher number than on some weekdays in the past month.
Tomiwabold OlajideHow do BNB whales deal with Dogecoin?
Specifically, among those top 100 BNB holders, DOGE traded a total of $268,000, and the total number of tokens traded was 347,230. However, diving deeper into the data, one can see that BNB whales were mostly selling Dogecoin, when the asset's sales volume was five times the volume of purchases.
Vladislav SopovIn total, BNB whales hold 96.55 million DOGE, representing 1% of its total portfolio size. At $0.076 per Dogecoin, this volume is equivalent to $7.53 million.
Yuri Molchan
Tomiwabold Olajide
U.Today Editorial Team
Vladislav Sopov
Dan Burgin