Binance Life has surged 62% against the market trend over the past 5 days due to $28 million in buying inflows.

PANews reported on June 6th that, according to on-chain analyst Yu Jin, BTC has fallen by 16% and ETH by 21% in the past five days. However, Binance Life has bucked the trend, rising by 62%. This is attributed to a $28 million buy order that pumped the price of Binance Life. Over the past five days, two addresses withdrew 14 million USDT from Bybit and then purchased 21.1 million Binance Life tokens on-chain at an average price of $0.66. In the past two days, one address withdrew 21.5 million Binance Life tokens ($14 million) from Binance.

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Author: PA一线

This content is for market information only and is not investment advice.

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