BabyDoge Flips DOME, Enters Most-Traded Token List Among Whales

Vignesh Karunanidhi
BabyDoge Flips Dome, Enters Most Traded Token List Among Whales
Source: Freepik

Meme coins including Dogecoin, Shiba Inu, and BabyDoge have drawn the attention of investors in the cryptocurrency realm. Even though the initial meme coin movement was triggered by Dogecoin, numerous others followed suit.

Even though Dogecoin has been lacking in terms of developments, Shiba Inu and BabyDoge have been making up for it. Moreover, all these cats and dogs come from the same neighborhood; there is always a secret competition over who is the better one.

BabyDoge has been making headlines recently for numerous developments. The team deployed the BabyDogeswap mainnet on September 21, 2022. As per the details from WhaleStats, the meme coin has now entered the list of the most-traded tokens among the top-100 BSC whales.

BabyDoge flips DOME as most-traded token among top-100 BSC whales

Data from WhaleStats reveals that BabyDoge is the most-traded token among the top-100 BSC whales. Ethereum is the most widely held token among these whales, and the biggest token position by dollar value goes to LYO.

BabyDoge has also entered the list of most-used smart contracts and is currently ranked third with 8.54%. In terms of overall holdings, BabyDoge only accounts for 0.11% of the total whale holdings.

Source: CoinMarketcap

As per the latest data from CoinMarketCap, BabyDoge has experienced a spike in trading volume over the last 24 hours. There has been a visible spike of over 69% in trading volume during the same period. The spike in the trading volume can be attributed to the increased activity among the whales.

However, this hasn’t affected the price of the meme coin. At press time, the coin has lost over 0.97% in the last 24 hours. BabyDoge has also lost over 12.5% in the last seven days and 11.8% in the last 30 days.