The Giant Whale Isn’t SHIB, This Meme caught the Coin: 400 Million Purchase!

According to data shared by WhaleStats, a crypto data platform that tracks the activities of the richest whales on the Binance Smart Chain (BSC) blockchain, a Binance Coin (BNB) whale on a hiatus from SHIB purchases has received a large amount of money. Dogecoin (DOGE) he bought.

Using the nickname “Scarlet Witch”, the BNB whale performed the transaction at noon today. According to data shared by WhaleStats, the huge wallet added 400 million DOGE worth $31.66 million to its cache.

Scarlet Witch, one of Binance Smart Chain’s richest whales and ranked 74th in the WhaleStats ranking, was seen paying a low fee of $0.11 for the transaction, which took place earlier today.

Richest crypto investors love Dogecoin

Small investors prefer to stay in stablecoins amid the recent price drop, while crypto whales are taking advantage of crypto’s low prices to boost their positions in different digital currencies.

At the time of writing, DOGE is changing hands around $0.075, down 89.3 percent from its all-time high.

dogecoin

Despite the massive drop in Dogecoin price since last year, top cryptocurrency players have always kept their full support for this popular meme coin.

For example, Elon Musk, CEO and founder of the American electric car company Tesla, has always been one of the proponents of the asset class. Similarly, Robinhood co-founder Vladimir Tenev has weighed in on this cryptocurrency and suggested ways to help Dogecoin become the currency of the internet.

In fact, Robinhood Markets CEO Tenev publicly declared his love for Dogecoin in a statement yesterday, calling the biggest cryptocurrency his best friend.

Sharing on Twitter to celebrate the US National Best Friends Day, Robinhood shared a photo of Tenev accompanied by the Dogecoin mascot:

β€œWhen you have a close friend, things are never that scary.”

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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