Ember says the address bought about $6.33 million on-chain and withdrew about $4.07 million from Binance in 24 hours, bringing this month’s accumulation to $39.10 million.
A suspected Binance Life market-maker address accumulated nearly $10 million worth of tokens over the past 24 hours, combining about $6.33 million in on-chain purchases with about $4.07 million withdrawn from Binance, according to on-chain analyst Ember. The activity was reported to have helped push the token up about 15% over the same period. Ember said the address has amassed $39.10 million since the start of this month, a scale of buying that can matter in thinner crypto markets where sustained accumulation by a large participant often supports price momentum and available liquidity.