According to HTX market data cited by BlockBeats on Aug. 16, the Binance Life token posted a short-term jump after Changpeng Zhao, known as CZ, said he had donated the Binance Life holdings in his public address to Giggle Academy and had stopped using that address. Following that disclosure, the token rose 8% in a brief move and broke above $0.54. It later traded at $0.51 at the time of the report, with its 24-hour gain standing at 8.2%. The move was reported as a market reaction tied to CZ’s announcement and the status change of the address mentioned in the update.
BlockBeats reported on Aug. 16, citing HTX market data, that the Binance Life token saw a short-term 8% jump after CZ said he had donated the Binance Life holdings in his public address to Giggle Academy and had stopped using that address.
The token briefly rose above $0.54 and was later quoted at $0.51. Its 24-hour gain stood at 8.2%.
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