‘Binance Life’ jumps as tracked Binance-linked addresses accumulate tokens

‘Binance Life’ rose 62% over five days in a period when Bitcoin fell 16% and Ether dropped 21%, according to a June 6 PANews report citing on-chain analyst Ember, and a June 7 update citing Yu Jin said the token added another 15% over 24 hours as accumulation continued. The reported activity included two addresses that withdrew 14 million USDT from Bybit and bought 21.1 million Life tokens at an average price of $0.66, another address that withdrew 21.5 million tokens worth about $14 million from Binance over two days, and later tracking showing a monitored address buying 8.62 million tokens worth $6.33 million while a CEX withdrawal address pulled 5.666 million tokens worth $4.07 million from Binance eight hours earlier. Month-to-date purchases were reported at 56.887 million tokens worth $39.10 million at an average price of $0.687, indicating sustained buying interest through both on-chain purchases and exchange outflows.

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