One notable recent development in the cryptocurrency market is the massive wallet activity and price increase targeting the Binance Life meme coin.
According to on-chain data, a cluster of wallets withdrew tokens from the exchange yesterday representing about 8.7% of the total supply. At the time of this transaction, the value of these assets was approximately $14.9 million.
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Just 24 hours after the transaction, the value of these assets increased to $27.9 million. Therefore, the value of the wallet cluster has almost doubled in a short period of time.
Meanwhile, a similar movement was seen about a month ago. A whale known in the crypto community as “Garrett Bullish” withdrew tokens from Binance that amounted to 5.9% of the total supply at the time. The value of these assets was approximately $4.4 million at the time, but current data indicates that the value is approximately $19 million, making the investment approximately five times its original value.
*This is not investment advice.
