Dogecoin Now Ranks Top 10 Most Bought Token by BSC Whales

  • Data from WhaleStats shows DOGE coin is now one of the ten most purchased tokens on the BSC network.
  • BSC whales are less aggressive when compared to ETH whales that almost traded $1 billion in 24 hours.
  • ETH performed best in the last 24 hours among the top ten cryptocurrencies.

As the crypto market runs on relief rallies, with Bitcoin (BTC) hitting $22,500 in the last 24 hours, data shows that whales on the BNB Chain are accumulating meme tokens.

Recent data from whale tracking website, WhaleStats, indicates that Dogecoin (DOGE) is back as one of the top most purchased tokens among the top 100 most giant BSC whales in the last 24 hours.

Other tokens on the list include Elrond blockchain native token, EGLD, and other less popular cryptos like GHC, MOVEZ, SCLP, and RACA. The GHC token holds the top position, with over 525 billion units purchased, while DOGE comes 8th.

WhaleStats also tracks other data from prominent investors, including the Most Trading Volume, Most Sold Token, Most Used Smart Contracts, and more. Expectedly, the Binance Coin (BNB) leads in all of these categories except for the Most Purchased token, which goes to GHC.

The whales on the BSC network are less aggressive when compared to whales on the Ethereum Network. While the average top ten tokens purchased by whales on the BSC network barely reached $25,000, ETH whales traded nearly $1 billion in token investment.

In the last 24 hours, Ether Whales traded $459,285 worth of ETH on average and sold 200,000 units of Cronos (CRO), the native token of the exchange. Given the large volumes going in and out of crypto, the global cryptocurrency market cap has surpassed the $1 trillion cap.

Of the top ten cryptocurrencies by market cap, ETH performed best in the last 24 hours with over a 10% increase, trading at $1485.