「Binance Coin's Life」 reached a new all-time high market capitalization of $7 billion this morning, with a cumulative two-day gain of nearly 54%.

BlockBeats News, June 1st, according to GMGN monitoring, the Meme coin "Binance Life" broke through a market cap of $700 million in the early hours today, hitting a new all-time high before a slight retracement. Since its launch on the evening of May 30th, the token has accumulated a 53.8% gain. At the time of writing, the market cap is now around $650 million, with a 26% gain in the past 24 hours, and on-chain trading volume reaching $18.4 million during the same period.

It is reported that the market cap briefly reached $700 million this morning, driven mainly by a large-scale buy-in from a trader (0x82). The address purchased approximately 8.1 million tokens at 4 a.m. today, worth around $4.98 million, marking the largest single purchase of the day. The on-chain holdings of this address have now reached 5.27 million tokens.

BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and conceptual hype, without actual value or use case. Investors should be cautious of the risks involved.