According to a recent tweet published by the WhaleStats crypto-focused data platform, BabyDoge and Dogecoin are among the most used smart contracts among the BNB Chain whales, formerly known as Binance Smart Chain (BSC). It seems that whales prefer different meme coins over SHIB.
Whales admire BabyDoge and DOGE instead of SHIB
The WhaleStats team shared that in the past 24 hours, BabyDoge, Dogecoin, and eight other tokens on the BNB Chain have become the most used smart contracts for the top 100 BSC whales. BabyDoge ranks 8th on the top ten list. However, Dogecoin has dropped to 16th place from the top ten so far.
76.4 trillion BabyDoge burned
Recently, the Babydogeburn Twitter account reported on a record amount of BabyDoge money sent to non-spendable addresses, i.e. burned, in the last week. This staggering amount of crypto permanently locked is 76,450,681,309,964 BabyDoges worth about $107,030.
According to the same source, in the last 24 hours, another huge amount of these meme coins has also been burned. But much smaller than above: 5,897,320,699.561. This amount is equivalent to $8,280.
BabyDoge investor count reaches ATH
However, these regular big token burns failed to affect the price of the BSC-based meme token. According to CoinMarketCap, at the time of writing, BabyDoge price is trading at $0.000000001441. Meanwhile, the number of investors rose to the ATH level of 1,585,096. It looks like the long-term prospect for BabyDoge remains.
So what is SHIB doing in the meantime?
Shiba Inu price remained in uncertainty as it consolidated above a stable support level. SHIB is currently trading between $0.0000095 and $0.0000119. In this process, it does not show any signs of breaking. However, traders should watch out for a rapid rally that sweeps the $0.0000119 and $0.0000130 levels for liquidity. A break of the $0.0000095 support level will trigger a 13% collapse at $0.0000082.
By the way, cryptocoin.com As we have reported, Ethereum whales have accumulated in a number of altcoins. An Ethereum whale named “Gimli” has bought 1 trillion Shiba. According to the data, the largest transaction of “Gimli” was 250 billion SHIB. The whale paid about $2.86 million for it. As the crypto market tries to calm down after the recent crash, ETH whales are seizing the opportunity. However, SHIB has long been the most popular choice of the largest Ethereum wallets. The top 100 whales currently keep around $567.8 million worth of Shiba Inu.
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