A certain leading exchange's spot trading has recently officially launched Binance Life. Observing on-chain data is quite interesting — some of the top whale addresses have already transferred to hot wallets, but the inflow only accounts for about 7.6% of the total, indicating that the vast majority of holders are still holding firm.

Currently, the price has fallen to around 0.16, so selling pressure is normal. But my feeling is that after this wave of selling is mostly digested, there’s a high probability of another upward push. After all, for tokens involving the Chinese community, if performance is too poor, it looks uncomfortable; the team and community behind it probably also need to save face.

Of course, this is just personal speculation and may not be accurate. Everyone has their own understanding of the market and different opinions. Before entering, you still need to do your own research.