Here’s Why Dogecoin Becomes One of the Top Purchased Coins for BSC Whales.
WhaleStats on-chain data platform has reported that the most popular meme cryptocurrency, DOGE, has entered the list of the top 10 coins BSC (BNB Chain) whales are after.
This happened after Dogecoin spiked by nearly 14% on the news regarding Twitter and Tesla boss Elon Musk.
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JUST IN: $DOGE @dogecoin is now on the top 10 purchased tokens among the 100 biggest #BSC whales in the last 24hrs
Check the top 100 whales here: https://t.co/0SYnjw0xQs
(and hold $BBW to see data for the top 4000!)#DOGE #whalestats #babywhale #BBW pic.twitter.com/2bcy6CwZov
— WhaleStats – the top 1000 BSC rich list (@WhaleStatsBSC) April 25, 2022
Musk close to buying Twitter, Dogecoin soars
It has been confirmed that social media giant Twitter is to accept Elon Musk’s bid to buy the company and make it private.
Earlier this month, U.Today covered that the Tesla boss and most influential Dogecoin fan, Musk, offered to purchase 100% of Twitter shares at $54.20 per share; this would total around $43 billion, and the centibillionaire offered to pay in cash.
When making this offer, Musk held 9.2% of Twitter shares and other large shareholders of the social media giant rejected the offer and began to increase their stakes in Twitter.
Notwithstanding, at the end of last week, Elon Musk said that he had secured the capital to acquire Twitter. On Sunday, the firm’s board had an urgent meeting to talk about the offer of the world’s wealthiest man and innovator.
On the news of Elon becoming the owner of Twitter in a week, the price of Dogecoin skyrocketed, printing a massive green hourly candle and adding 13.96%. It jumped from $0.1254 to touch $0.1418.
At the time of writing, the original canine coin is changing hands at $0.1401.
Elon Musk believes these things can improve Dogecoin’s utility
On April 24, Dogecoin co-founder Billy Markus, known as “Shibetoshi Nakamoto” on Twitter, shared his theory as to what things could add utility to DOGE—the project he has no longer part of, while he still keeps track of it and initiates discussions on Twitter about Dogecoin and its adoption, utility, etc.
Markus proposed that three things could do for DOGE: businesses accepting nit as a currency ( as many of them as possible—the more, the better for Dogecoin), Using DOGE as a currency for tipping, and setting up a bridge between DOGE and Ethereum. This would allow a wide spread of the meme currency within Web3.
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Musk responded to that tweet, saying that number one should be implemented, number two would be nice and number three is unnecessary.
Will Twitter start using DOGE?
Now that Twitter is almost in Elon’s pocket, much hope that the social media behemoth will begin using DOGE for payments and tipping. Last year, Markus proposed that the coin must be used for tipping content creators after Bitcoin and Ethereum tipping features were introduced.
This year is called to join the Twitter board, Elon also proposed using DOGE as payment for the Twitter Blue V.I.P. subscription.
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