Whales Change Hands With Over 410 Million DOGE As Prices Plummet More Than 8%

Massive amounts of the meme token Dogecoin has been shoveled between anonymous wallets in the past few hours, as a combined total of 414,000,000 Dogecoins were transferred amongst crypto whales. Meanwhile, the pupcoin’s price has dropped 8.21% following its rise just the day before, bringing Dogecoin back onto the list of the assets that BSC whales are buying actively.

According to Dogecoin-oriented crypto monitoring Twitter account @DogeWhaleAlert, in the previous six hours, anonymous whales have executed more than 20 transactions, which carried a mixed total of 414 million DOGE tokens (or about $54.20 million); out of these total twenty transactions, about 12 of them moved 30 million DOGE each, whilst the rest carried 5 million of the original meme cryptocurrency that was created back in 2013 as a parody of Bitcoin, U.Today notes.

Source: Twitter

Dogecoin Back In Demand For Top BSC Whales

After DOGE surpassed Ethereum to become the most traded token by the top 1,000 BSC wallets, Dogecoin has noticeably emerged as an item in high demand, as the digital token returns to the top 10 list of cryptocurrencies that the 1,000 largest BSC whales have been stacking up on as of late. DOGE stands in 10th place with BNB, MATIC, Ethereum, and several other popular U.S. dollar-pegged stablecoins towering in front of it.

The Memecoin’s Present Fall: A Buying Opportunity?

After the aforementioned cryptocurrency achieved a significant milestone on Feb 21, the canine coin has been going down in value ever since, and the memecoin is currently exchanging hands at $0.129170. As per CoinGecko, Dogecoin has fallen about 6% over the last 24 hours at the time of writing this article, even hitting as low as $0.1244 earlier today.

Regardless, many may find the present value for DOGE as an attractive buying opportunity, as the coin has, in hindsight, dropped over 80% since it peaked at around $0.73 in May 2021.

Click here to read Why Meta Pleads Not Guilty For Scammy Crypto Adverts.

Sneh Dokania is an Economics major student with an inquisitive disposition seeking to articulate facts, information and news stories in a candid manner on Clout News.

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