
A major Binance Coin (CRYPTO: BNB) whale — which is cryptospeak for a large crypto holder — acquired 9 million Dogecoin (CRYPTO: 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 (CRYPTO: BNB) wallet acquired the tokens, which are backed one to one by Dogecoin.