Suspected Binance-controlled addresses collectively hold 14.67% of the total supply; token price surged 59% in the short term.
According to on-chain analyst Yujin, a suspected Binance Life manipulator withdrew 87.85 million Binance Life tokens (worth $14.93 million) from Binance yesterday via nine wallets. Subsequently, the price of Binance Life surged 59% in a short period, rising from $0.17 to $0.27. Currently, the suspected manipulation addresses collectively hold 146.7 million Binance Life tokens on-chain—14.67% of the total supply—with an aggregate value of approximately $39.8 million.