Prominent cryptocurrency stock market Huobi While FUD news and bankruptcy rumors about the Tron (TRX) founder and Huobi consultant Justin Sun He denied that the rumors were untrue.
Despite the statements made, these rumors keep their warmth on the agenda, while new moves are coming from Justin Sun.
WhaleAlerts, which tracks major transactions in the crypto industry, is a wallet linked to Tron founder Justin Sun. Binance worth $100 million from the stock market USDC and USDTHe said he moved it to an unknown wallet.
Justin Sun also transferred the same amount of USDT to his own address while moving $50,027 worth of USDT to another wallet.
🚨 🚨 🚨 50,000,546 #USDT (50,032,047 USD) transferred from #Binance to Justin Sunhttps://t.co/FVzMZBthCv
— Whale Alert (@whale_alert) January 6, 2023
🚨 🚨 🚨 49,999,996 #USDC (50,017,496 USD) transferred from #Binance to Justin Sunhttps://t.co/ei0tUJfdZX
— Whale Alert (@whale_alert) January 6, 2023
The transactions of Justin Sun, which totaled approximately $200 million in withdrawals, exacerbate the panic atmosphere among investors after the FUD and bankruptcy news about Huobi.
As of now, it is estimated that Sun wants to prevent Huobi’s possible liquidity crisis by withdrawing from Binance by using his personal funds.
As it will be remembered, Justin Sun had another asset withdrawal of approximately $1.1 billion in the past months. While rumors were circulating that these shoots were being filmed in support of Huobi, Sun denied these rumors.
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