According to WhaleStats, the popular meme token Dogecoin has become one of the most used smart contracts among the top 500 BSC whales in the last 24 hours. Dogecoin’s trading volumes have soared, driven by whales that place DOGE among the most used smart contracts among top BSC whales.
Besides, Dogecoin is among the top 10 holdings of the top 100 BSC whales. According to recent data, Dogecoin has seen renewed activity from whales or the cryptocurrency’s biggest holders.
Data provided by on-chain data analytics firm IntoTheBlock showed an increase in the volume of on-chain Dogecoin transactions by over $100,000, with the total value rising to $2.59 billion on April 25. It was the highest volume since the end of March as it accounted for almost 94% of the total volume.
The number of transactions worth at least $100,000 hit 2,440 on Monday, the highest level since January 14.
Cryptocurrency analyst Ali Martinez said:
“I think such market behavior can act as a proxy for the activity of whales and suggest how they can be positioned for a major price action.”
According to data from Coinmarketcap, Dogecoin was trading at $0.1385 at the time of writing.
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