Justin Sun, the founder of Tron and a significant holder of Shiba Inu (SHIB) tokens, has withdrawn a substantial $8.1 million in various cryptocurrencies from Binance, the world’s largest exchange.
Spot On Chain reported that Justin Sun’s likely wallet made withdrawals of $5.73 million in AAVE and $2.43 million in XVS. This adds to the $12.71 million withdrawn in the last three days across seven assets, including AAVE, XVS, LINK, FLOKI, MANA, SHIB, and BAND.
Wallet 0x9fc (likely @justinsuntron) further withdrew 59,000 $AAVE ($5.73M) and 200,000 $XVS ($2.43M) from #Binance ~14hrs ago.
Notably, the wallet has withdrawn $12.71M worth of 7 assets, including $AAVE, $XVS, $LINK, $FLOKI, $MANA, $SHIB, and $BAND, from #Binance in the past 3… https://t.co/07DCwY1o4C pic.twitter.com/AUBhUg8CeY
— Spot On Chain (@spotonchain) January 21, 2024
Justin Sun’s Shiba Inu Interest and Significant Withdrawals: A Closer Look
Amid the crypto community’s keen interest, Justin Sun’s persistent focus on the Shiba Inu token remains intriguing. In December 2023, he grabbed headlines by withdrawing 500 billion SHIB, equivalent to $5.22 million. In a recent development, an additional 79.33 billion SHIB tokens, valued at approximately $789,000, were added to Sun’s probable wallet.
Data from Lookonchain reveals that since December 18, 2023, Justin Sun has withdrawn a total of $60 million from Binance. Noteworthy amounts include Ethereum (ETH) at $43 million, AAVE at $6.7 million, SHIB at $6.3 million, LINK at $957,000, FLOKI at $885,000, MANA at $826,000, and BAND at $168,000.
The scale and frequency of these withdrawals have stirred speculation within the crypto community about Sun’s motives and the potential impact on the market. As the entrepreneur continues sizable fund movements, industry observers remain vigilant for further developments and potential consequences for the involved assets.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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