Binance Promises Rewards for Users of Dogecoin

Binance, a cryptocurrency exchange, has announced additional benefits for Dogecoin users. The leading cryptocurrency exchange has announced a new set of locked staking activities that allow users to stake Dogecoin and earn up to 10% APYs.

Additionally, Binance offered additional Binance Savings enrollment incentives. Users who have never set up a savings product may get double APY with Dogecoin until the event’s conclusion.

After tremendous community pressure, Binance launched the Dogecoin proof-of-asset wallet that supports the DOGE-BSC supply in May.

Robinhood transacts with billions of Dogecoins

Mishaboar, a Twitter account devoted to Dogecoin, reports that the stock trading software Robinhood moved many of Dogecoin from one of its addresses to a previously unknown address. Supposedly, 4.57 billion Dogecoin worth roughly $321 million were transferred. This might be due to various factors, but it is most likely the result of rearranging its cold storage wallets.

According to DogeWhaleAlert, Robinhood may be moving a significant amount of dogecoin to a new cold wallet.

Data monitoring site DogeWhaleAlert also records 17 Robinhood transactions with 175,000,000 DOGE worth around $11.98 million.

MyDogeWallet, a self-custody Dogecoin wallet, has recorded an astounding 80,000 transactions in the last 24 hours. According to WhaleStats, Dogecoin again placed among the most used smart contracts among the top one thousand BSC whales during 24 hours. At the time of publishing, Dogecoin was trading up 10.39 percent at $0.073 per coin.

Also Read: World’s Biggest Non-Exchange Bitcoin Whale Dumps $1 Billion