Dogecoin (DOGE) whales, which are the biggest investors with the amount of DOGE they hold on Binance Smart Chain (now BNB Chain), also have other altcoins in focus. The baskets of the top 100 Dogecoin investors can be viewed on the Whale Stats platform. Here are the details…
Dogecoin whales focus on 10 altcoins
According to Whale Stats, which provides on-chain data, the largest DOGE investors have 10 separate altcoins in their wallets. We have compiled these altcoins and information about altcoins in the list below. The list progresses from most popular to least popular in US dollars. Here are the details:
- pTokens GALA: pTokens GALA is a representation of ERC777 GALA pegged at 1:1 on Ethereum. The amount of pToken GALA held by DOGE whales exceeds $3.1 million.
- BTCB Token: Bitcoin BEP2 (BTCB) is a token on the Binance Chain. Each BTCB is backed 100 percent by a BTC reserve and the price is pegged to Bitcoin at the rate of 1 BTCB = 1 BTC. The backup address for verification is available to anyone at any time.
- Ethereum (ETH): Ethereum is a decentralized open source Blockchain system with its own cryptocurrency, Ether. ETH works as a platform for many other cryptocurrencies as well as for decentralized smart contract execution.
- Tether USD: USDT is a stablecoin that reflects the price of the US dollar, issued by Tether, a Hong Kong-based company. The Tether held by DOGE whales represents the token on the BSC.
- TrueUSD: TrueUSD is a 1:1 USD pegged stablecoin. First introduced to a limited investor base in January 2018, TrueUSD has since grown to include almost $400 million in backed tokens as of October 2020.
- Dai Token: It is a token created and developed by Maker Protocol and MakerDAO. It is an Ethereum-based stablecoin. Of course, its version on this list represents the Binance Chain version.
- Radio Shack: It is a 100-year-old brand. It has now taken on the mission of being the first protocol to bridge the gap between Blockchain and the mainstream use of cryptocurrencies.
- FDOGcoin: FDoge Finance was designed by the Doggy team as the algorithmic stablecoin on the Phantom Opera Network.
- USD Coin (USDC): USD Coin is a stablecoin pegged to the US dollar on a 1:1 basis. Each unit of this cryptocurrency in circulation is backed by $1 held in reserve in a mix of cash and short-term US Treasury bills. The Center consortium behind this asset says USDC is issued by regulated financial institutions.
- BUSD: Binance USD (BUSD) is a 1:1 USD-backed stablecoin issued by Binance (in partnership with Paxos), approved and regulated by the New York State Department of Financial Services (NYDFS).
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