Dogecoin lovers seem to be having quite a jolly time, while the rest of the market recovers from the bloodbath that took place in the previous weeks. Although Doge is yet to get back and go beyond what it was during its peak, there has been a lot of talk about the much-loved dog coin in recent events.
From Elon Musk’s constant support, with him teasing Mcdonalds to accept the coin as payment, and Tesla accepting Doge for their merchandise, the original meme coin has been making quite the noise in a time of utter uncertainty.
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What were Doge’s numbers on WhaleStats?
Dogecoin just became the most traded token by the top 1000 BSC whale wallets today. According to WhaleStats, Dogecoin was up by 8.3%, apart from being the highest traded coin among the top BSC whale wallets. This sure shot adds to the confidence Doge lovers have in regard to the coin.
In the last 24 hours, the average Doge balance on BSC was at 5,202,929; and volume was at $446,913, which is up by 812.06%. Active Doge addresses were 14, which saw a 16.67% increase. The metrics also mentioned that net flow had increased by 748.07%, reaching $98,563. Even though people are trading Doge in higher volumes, the price doesn’t reflect an increase, which may mean that it may not be enough to push Doge in a bullish direction.
Co-Founder unhappy with other meme coins?
Dogecoin founder Billy Markus revealed his lack of amusement regarding other “meme” coins, which according to him were built particularly for the developers’ financial gain. He clarified that Doge was built not for financial gains, but for “fun” and “satirical” purposes. He claims that the inventors of dogecoin made very little money from it. Unlike most BSC coins, it does not have a centralized tax or marketing budget.
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Given the light of recent events, it is of no surprise that Doge has been garnering the attention of whale wallets. With the loved coin being in the news beside names like Tesla and possibly even Mcdonalds’, it sure has done the job of proving its popularity. We are yet to see the markets recover from the crash that has left many investors at a fix. Once we pull through and get out of the current storm, the coin sure does seem to have all the tick marks to make a comeback in 2022.