In a recent development, Justin Sun, the founder of the Tron blockchain (TRC) and a prominent holder of Shiba Inu (SHIB) tokens, reportedly withdrew a staggering $8.1 million worth of various cryptocurrencies from the largest exchange in the world. world, Binance.
In a recent development, Justin Sun, the founder of the Tron blockchain (TRC) and a prominent holder of Shiba Inu (SHIB) tokens, reportedly withdrew a staggering $8.1 million worth of various cryptocurrencies from the largest exchange in the world. world, Binance.
Point on the chain revealed that the likely Sun wallet executed withdrawals totaling $5.73 million in AAVE and $2.43 million in XVS, adding to the $12.71 million withdrawn in the last three days across seven assets, including AAVE, XVS, LINK, FLOKI, MANA, SHIB and BAND.
The most intriguing aspect is Sun’s continued interest in the Shiba Inu token. In December 2023, he made headlines by withdrawing 500 billion SHIB, equivalent to $5.22 million. Yesterday, an additional 79.33 billion SHIB tokens, valued at an estimated $789,000, arrived in Sun’s likely wallet.
Lookonchain data reveals that since December 18, 2023, Justin Sun has withdrawn a total of $60 million from Binance. This includes significant amounts of Ethereum (ETH) for $43 million, AAVE for $6.7 million, SHIB for $6.3 million, LINK for $957,000, FLOKI for $885,000, MANA for $826,000, and BAND for $168,000.
The scale and frequency of these withdrawals have captured the attention of the crypto community, sparking speculation about Sun’s motives and the potential impact on the market. As the crypto entrepreneur continues to move substantial sums, the industry is closely watching any further developments and potential ramifications for the assets involved.