According to recently released data, BSC investor interest in Dogecoin is increasing.
WhaleStats, a cryptocurrency analysis service that focuses on numerous chains like Ethereum, BNB Chain (previously known as BSC), and Polygon, said that whales on Binance Smart Chain are now seeking Dogecoin, a coin that was founded in 2013 as a spoof of Bitcoin.
DOGE is one of the most popular smart contracts.
According to a recent tweet from the aforementioned on-chain data collector, Dogecoin has re-entered the list of the top ten most used smart contracts on Binance Smart Chain (BSC).
Dogecoin Adoption Increases
DOGE’s acceptance by elite Swiss-based watch company Hublot, Uber Eats, Tag Heuer, and many other companies has expanded rapidly in recent months. They now accept not only Dogecoin, but also its rival SHIB, Bitcoin, Ethereum, and other cryptocurrencies via payment processor BitPay.
In addition, St. Vincent and the Grenadines-based BlueBit.io, which began this year, added support for Dogecoin following the listing of Shiba Inus.
Robinhood controls 29.99% of the DOGE supply.
The popular trading app Robinhood, which allows its clients to trade in the stock market and digital assets, now possesses 39,788,383,750 Dogecoins on behalf of its users, according to the @DogeWhaleAlert Twitter account dedicated on tracking significant DOGE transactions.
This amounts to $2,761,671,928 and accounts for 29.99% of the total circulating supply of the same cryptocurrency.
According to the tracker’s website, Robinhood formerly kept its users’ DOGE in two wallets with eight known addresses. However, he recently transferred his clients’ canine coins to a different wallet.
“Elon Musk has a DOGE covert plot.”
Matt Wallace, a Dogecoin fan with almost 627,000 followers on Twitter, tweeted that “Elon Musk has a special scheme for Dogecoin up his sleeve.”
In another tweet, he stated that DOGE experienced its greatest increase in transactions when Tesla began taking it as payment for goods in January of this year.
SpaceX, which is also run by eccentric billionaire Elon Musk, began receiving DOGE payments in May, over six months later. Musk’s other company, The Boring Company, began accepting Dogecoin in June, increasing its adoption.
Musk previously referred to DOGE as “the people’s currency” and promised to “take actual DOGE to the literal moon.”