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.
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.