Rewards for Dogecoin users
The world’s largest cryptocurrency exchange, Binance, has announced rewards for Dogecoin users. Binance has introduced a new series of locked staking activities that allow users to stake Dogecoin and earn APYs up to 10%.
In addition, Binance has introduced new incentives for registering Binance Savings. Until the event is over, users who have never signed up for a savings product can receive double APY benefits with Dogecoin. In May, Binance released a proof-of-asset Dogecoin wallet that supports the DOGE-BSC supply after much effort from the community.
Robinhood moves billions of Dogecoins
According to the Mishaboar Twitter account, stock brokerage app Robinhood moved a huge amount of Dogecoin — about 4.57 billion Dogecoins worth nearly $321 million — from one of the DBs4 addresses to an anonymous address. Although there are no grounds to determine the specific cause of this, it is very likely that this is the reorganization of cold storage wallets.
Worthy of notice: Robin Hood moved a huge amount of #Dogecoin (4.57B Dogecoin/321M USD) from their DBs4 address to a previously unknown address (DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ) – too early to know the reason; it *could* be reorganization of their cold storage wallets. https://t.co/Ld9ANLMFht
— Mishaboar (@mishaboar) July 19, 2022
“Robinhood might be consolidating a lot of the dogecoin they hold into a new cold wallet. This appears to be multiple RH addresses moving $DOGE holdings to the new wallet: DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ.” DogeWhaleAlert shared.
According to a report by data tracking service DogeWhaleAlert, Robinhood transferred money 17 times to this address, each transferring 175,000,000 DOGE worth nearly $11.98 million.
— Ðogecoin Whale Alert (@DogeWhaleAlert) July 19, 2022
In another news, self-custody Dogecoin wallet MyDogeWallet has counted a whopping 80,000 transactions within the last 24 hours. According to WhaleStats, Dogecoin once again ranked among the most used smart contracts among the top 1,000 BSC whales in 24 hours.