During the significant pullback of Bitcoin and Ethereum, the "Binance Coin Life" surged against the trend by 62%, potentially driven by a $28 million buying pressure.

BlockBeats News, June 6th. According to on-chain analyst Yu Jin, in the past 5 days, BTC has dropped by 16%, ETH by 21%, but "Binance Coin of Life" has surged by 62% against the trend. On-chain data shows that the recent rise of the "Binance Coin of Life" may be related to a $28 million fund inflow.

Over the past 5 days, two addresses withdrew 14 million USDT from Bybit, then bought 21.1 million "Binance Coin of Life" on-chain at an average price of around $0.66. In addition, over the last 2 days, an address withdrew 21.5 million "Binance Coin of Life" from Binance, worth about $14 million.