Dogecoin Now Among Top 10 Holdings Of The Biggest Binance Smart Chain Whales

Dogecoin DOGE/USD has joined the list of the ten most-held cryptocurrencies by the largest wallets on the Binance Smart Chain (BSC) network.

What Happened: Dogecoin was ranked tenth among the largest cryptocurrency holdings by the 1,000 biggest BSC whales, with a total value of $48.99 million, cryptocurrency data platform WhaleStats said in a tweet.

Meanwhile, Mobox MBOX/USD has flipped Ellipsis (EPS) to emerge as the most-traded token by the largest BSC whales over the past 24 hours, WhaleStats noted in another tweet.

The 1,000 largest BSC wallets are worth an average of $5.76 million and have an average of 6,079 Binance Coin as well as 19 tokens.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Dogecoin’s popularity has surged since last year, in major part due to endorsement from Tesla Inc. TSLA CEO Elon Musk.

The cryptocurrency’s official Twitter account surpassed three million followers last week, making it the second-largest crypto with the most followers on the social media platform behind Bitcoin BTC/USD.

Several major companies now accept Dogecoin for payments.

Price Action: Dogecoin is down 3.6% during the past 24 hours, trading at $0.1519 at press time.

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