Data: Binance Life reached a market value of 700 million USD this morning, with a cumulative increase of nearly 54% over the past two days

According to monitoring by GMGN, the meme coin "Binance Life" briefly surpassed a market capitalization of 700 million USD, setting a new historical high before slightly retreating. Since its launch on the evening of May 30, the token has recorded a cumulative increase of 53.8%. As of the time of writing, the market capitalization is reported to be approximately 650 million USD, with a 24-hour increase still holding at 26%. During the same period, the on-chain trading volume reached 18.4 million USD.

It is reported that the brief surge in market capitalization to 700 million USD was mainly driven by a large concentrated purchase by a trader (0x82). This address purchased a total of approximately 8.1 million tokens, valued at about 4.98 million USD, making it the largest single purchase of the day; currently, its on-chain holdings have reached 5.27 million tokens.