Recently, it was revealed that Justin Sun, the creator of the Tron blockchain (TRC) and a well-known Shiba Inu (SHIB) token holder, had taken an astounding $8.1 million worth of different cryptocurrencies out of the largest cryptocurrency market in the world, Binance.
According to Spot On Chain, Sun’s likely wallet made withdrawals totaling $2.43 million from XVS and $5.73 million from AAVE, bringing the total amount of money removed in the last three days from seven different assets—LINK, FLOKI, MANA, SHIB, BAND, and AAVE—to $12.71 million.
https://x.com/spotonchain/status/1748898520726385133?s=20
Sun’s ongoing interest in the Shiba Inu token is the most fascinating feature. He gained notoriety in December 2023 when he took out 500 billion SHIB, or $5.22 million. An extra 79.33 billion SHIB tokens, worth around $789,000, made their way to Sun’s likely wallet yesterday.
According to Lookonchain statistics, Justin Sun has taken out a total of $60 million from Binance since December 18, 2023. LINK at $957,000, FLOKI at $885,000, MANA at $826,000, BAND at $168000, AAVE at $6.7 million, SHIB at $6.3 million, and substantial sums of Ethereum (ETH) at $43 million are included in this.
The cryptocurrency community has taken notice of the volume and regularity of these withdrawals, which has led to conjecture over Sun’s intentions and the possible effects on the market. While the cryptocurrency entrepreneur keeps moving large amounts of money, the sector keeps a careful eye on any new developments and how they can affect the assets involved.
