Dogecoin Profitability Back Above 50%: Top BSC Whales Accumulate 324M DOGE

According to the IntoTheBlock data, Dogecoin DOGE/USD at least 52% of all Dogecoin holders are currently in profit while 42% of investors remain “out of the money”.

The report suggested that the profitability spear was noticed during the 25% recovery rally that took place between Feb. 4 and Feb. 7. 

The average profitability of Dogecoin has been staying at around 50% since the 70% reversal from the current all-time high of $0.7376. 

Earlier, the number of Dogecoin holders on the Binance Smart Chain had reached 540,000 users, while the number of coins held by large wallets reached 324 million Doge valued at approximately $50 million. 

At the time of reporting, Dogecoin is trading at $0.1434, down about 6.25 percent in the last 24 hours.  

On Thursday, Dogecoin reached a new milestone in holders as the top 1,000 BNB wallets are now holding 324 million DOGE. 

🏆 New Record: $DOGE reaches an astonishing 540,000+ holders.

Current Holder Count: 540,034

💹 The top 1000 BNB wallets are holding 324,663,141 $DOGE ($51,057,103 USD)

Source: https://t.co/Uc1nehV7Jr#DOGE #BEP20 #BNB #whalestats

— WhaleStats - the top 1000 BSC richlist (@WhaleStatsBSC) February 10, 2022

Dogecoin was ranked tenth among the largest cryptocurrency holdings by the 1,000 biggest BSC whales, with a total value of $48.99 million, cryptocurrency data platform WhaleStats said in a tweet.    

Dogecoin’s popularity has been skyrocketing due to endorsement from Tesla Inc. TSLA  CEO Elon Musk.

The cryptocurrency’s official Twitter account surpassed three million followers last week, making it the second-largest crypto with the most followers on the social media platform behind Bitcoin BTC/USD.

Also See: Dogecoin Sits At A Key Level: What's Next?