According to recent data from WhaleStats' official Twitter handle, Dogecoin has returned to become one of the most actively purchased assets by BSC whales as its price consolidates for a next major move. IntoTheBlock data might also suggest that Dogecoin whales have been on their toes in the previous 24 hours, with a 24% increase in large transactions.
JUST IN: $MBOX @MOBOX_Official is back on top 10 purchased tokens among 100 biggest #BSC whales in the last 24hrs ?
— WhaleStats - the top 1000 BSC richlist (@WhaleStatsBSC) May 23, 2022
We've also got $DOGE, $FIL, $Cake, $FAME & $DOME on the list ?
Whale leaderboard: https://t.co/0SYnjw0xQs#MBOX #whalestats #babywhale #BBW pic.twitter.com/cSZsbSuBJO
Large transaction spikes are frequently associated with increased activity from institutional players, or whales, who are either buying or selling. These transactions exceed $100,000 in value, according to IntoTheBlock.
Likewise, the profitability of the largest meme cryptocurrency remains at 53%, after declining below 50% earlier in the month. TAG Heuer, a Swiss luxury watchmaker, recently announced that it is now accepting cryptocurrencies, "Dogecoin inclusive," as payment through a partnership with BitPay.
New Doge trading pair listed on OKX
Cryptocurrency exchange OKX has announced the listing of a new Dogecoin trading pair, DOGE/USDC, on its spot trading markets.
According to the release, spot trading for DOGE/USDC is expected to start on May 23, 2022. As seen on CoinMarketCap, Dogecoin was trading up 3.76% at $0.087 at the time of publication.
Dogecoin rose from lows of $0.082 on May 21, having met significant support at this key level, to reach highs of $0.088 today, thus setting up to mark the third consecutive day in the green. The rebound comes as Dogecoin suffered significant losses earlier in May, dipping as low as $0.065.
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