According to data from Whale Stats, BSC whales are turning to Dogecoin.
According to data from WhaleStats, which focuses on chains like Ethereum, BNB Chain (formerly BSC), and Polygon, crypto whales are after Dogecoin.
BSC Whales Show Interest in Dogecoin
According to Whale Stats, Dogecoin is among the top 10 most used cryptocurrencies based on smart contract activity on BNB Chain.
JUST IN: $DOGE @dogecoin one of the MOST USED smart contracts among top 2000 #BSC whales in the last 24hrs🐳
Peep the top 100 whales here: https://t.co/gGAxYJttsD
(and hodl $BBW to see data for the top 2000!)#DOGE #whalestats #babywhale #BBW pic.twitter.com/vRyfdvxq0L
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) August 22, 2022
While Bitcoin and Ethereum have dropped significantly in the past days, the meme token Dogecoin has also lost about 25% in value.
At the time of writing, Dogecoin is trading at $0.06686, down nearly 4% in the last 24 hours, according to data from CoinMarketCap.
Dogecoin Adoption Increases
Adoption of the most popular meme token is increasing day by day. Companies such as Swiss-headquartered watch company Hublot, Uber Eats and Tag Heuer have announced their adoption of the asset.
Payment processor BitPay allows many companies to receive payments with DOGE. It also provides the same service for another meme token, Shiba Inu.
It’s also worth remembering that Robinhood holds 29.99% of DOGE’s supply.
