A major Binance Coin BNB whale — which is cryptospeak for a large crypto holder — acquired 9 million Dogecoin
DOGE, equivalent to over $1.41 million as of press time.
What Happened: Large crypto transaction tracking service WhaleStats pointed out the transaction in a Tuesday tweet. The transaction data shows that a Binance Smart Chain
BNB wallet acquired the tokens, which are backed one to one by Dogecoin.
The news follows recent reports that Dogecoin reached another historic milestone with about 4.8 million on-chain addresses and 485,000 wallets holding it as Binance Smart Chain tokens. Markets have been kind to Dogecoin recently, with the meme coin raking in gains even on Sunday when most of the crypto market — including market leader Bitcoin
BTC — were losing value.