Whale Continues Taking Profits After Large Gains From Early Token Purchase

A whale wallet that reportedly achieved roughly 5,000x returns from an early purchase of the token referred to as “Binance Life” continued moving tokens to a CEX (centralized exchange) for profit-taking on July 10. According to BlockBeats On-chain Detection, the address transferred 3 million tokens to a CEX about three hours earlier. The same wallet had sold 7 million tokens yesterday and moved another 3 million today. The address initially spent $2,480 to buy 18.5 million tokens. On-chain data shows the wallet has cumulatively sold 13.5 million tokens, realizing about $9.42 million. It still holds 5 million tokens, valued at about $3.41 million.