Dogecoin Is Now The Most Traded Token Among 1,000 Largest Binance Chain Whales

Meme-based cryptocurrency Dogecoin DOGE/USD was the most traded cryptocurrency token among the wealthiest Binance Smart Chain (BSC) whales in the past 24 hours.

What Happened: According to an update from wallet tracker WhaleStats, DOGE was the most traded among the 1,000 largest BSC whales. 

The top 1,000 BSC whales now hold a total of $46,618,831 DOGE, according to WhaleStats estimates.

DOGE was trading at a price of $0.15 as of Friday morning, down by 8% in the last 24 hours. The meme-based cryptocurrency’s negative price action was part of a wider crypto market selloff during Asian hours.

See Also: Is Bitcoin At the Mercy Of The Stock Market After Falling Below The $40K Level? Here's What Experts Are Saying

Bitcoin BTC/USD fell under the $40,000 mark and the majority of altcoins followed the leading crypto asset’s decline. According to data from IntoTheBlock, DOGE has a significantly high correction of 0.7 with BTC.

At press time, DOGE’s volatility over a 30-day period stood at 78.94%.

What Else: Earlier this month, DOGE enjoyed some positive price action as Tesla Inc TSLA began accepting DOGE for payments.

Merchandise such as the belt buckle was listed for 835 DOGE, Cyberquad for Kids for 12020 DOGE, and Cyberwhistle for 300 DOGE.