Major Dogecoin Purchase: BNB Whale Scoops Up 9M Doge Worth $1.4M

Major Dogecoin Purchase: BNB Whale Scoops Up 9M Doge Worth $1.4M

A major Binance Coin BNB/USD whale — which is cryptospeak for a large crypto holder — acquired 9 million Dogecoin DOGE/USD, equivalent to over $1.41 million as of press time.

What Happened: Large crypto transaction tracking service WhaleStats pointed out the transaction in a Tuesday tweet. The transaction data shows that a Binance Smart Chain BNB/USD wallet acquired the tokens, which are backed one to one by Dogecoin.

See Also: IS DOGECOIN A GOOD INVESTMENT?

The news follows recent reports that Dogecoin reached another historic milestone with about 4.8 million on-chain addresses and 485,000 wallets holding it as Binance Smart Chain tokens. Markets have been kind to Dogecoin recently, with the memecoin raking in gains even on Sunday when most of the crypto market — including market leader Bitcoin BTC/USD — were losing value.

See Also: Check What Else The Dogecoin Millionaire Is Bullish On

DOGE Price Action: As of press time, Dogecoin is trading at $0.155 after seeing its price fall by 3.34% over the last 24 hours.

Photo: Courtesy of Дмитрий Шустов on Flickr

Posted In: CryptocurrencyMarkets