Crypto traders and investors have been trying to predict what the future of the dog-themed memecoin would be like in 2023 after Dogecoin’s (DOGE) price hit a rough patch in the preceding few months. In spite of the catastrophic market slump in 2022, it has held up far better than most of the leading assets on the crypto market. Dogecoin has now begun to attract the interest of large crypto whales, which has resulted in a price increase of more than 10% over the course of the last twenty-four hours.

According to the data published by the crypto analytical portal WhaleStats, Dogecoin is one of the top 10 tokens that whales on Binance Smart Chain (BSC) have accumulated in the last 24 hours. The platform further tweeted that XRP, Filecoin (FIL), and Terra (Luna) were also among the few cryptocurrencies which made it to the list.

This has propelled the altcoin’s trading volume to zoom past 300% in a day with the market capitalization also rising by 8% to $10.3 billion.