Cryptocurrency Dogecoin has risen to the ten most purchased tokens’ list by BNB Chain whales, with profitability reaching 53%.
The meme token jumped from $0.082 on May 21 from a key level to a high of about $0.088 to consolidate gains on the third consecutive day. The surge comes after the token dipped as low as $0.065 in the month.
Cryptocurrency exchange OKX has announced the listing of Dogecoin against the USDC pair to start on May 23, at 7 am UTC. The token has consequently jumped 3.76% following the announcement to exchange for about $0.087.
Other developments that are reportedly giving Doge some bullish momentum include the recent announcement by TAG Heuer that it will accept the token for payments in a deal with BitPay.
Large transactions are often linked to increased activity from institutional investors who are buying or selling. The transactions are upwards of $100,000.
Source: Twitter
JUST IN: $MBOX @MOBOX_Official is back on top 10 purchased tokens among 100 biggest #BSC whales in the last 24hrs 🐳
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) May 23, 2022
We've also got $DOGE, $FIL, $Cake, $FAME & $DOME on the list 👀
Whale leaderboard: https://t.co/0SYnjw0xQs#MBOX #whalestats #babywhale #BBW pic.twitter.com/cSZsbSuBJO