Justin Sun, the founder of the Tron network, frequently comes to the fore with his recent crypto transfer. Sun recently withdrawn a large amount from Binance SHIB came to the fore.
Founder of Tron Justin SunA cryptocurrency wallet address stated to belong to , withdrew 577 billion SHIB (worth approximately $6 million) from Binance. The withdrawal that took place in the last 24 hours occurred in two parts.
As Koinfinans.com reported, the wallet in question withdrew 500 billion SHIB (worth approximately $5.1 million) on December 18. Then today it withdrew 70 billion tokens (about $900,000). A striking detail is that the tokens moved from Justin Sun’s wallet and remained inactive for about two years.
The wallet from which the tokens were withdrawn continues to hold the assets. While the total value of the assets in this wallet is worth 448 million dollars; etETH owns assets like Aave-locked.
The recent withdrawal of SHIB tokens by Justin Sun has attracted the attention of the ever-active SHIB community. At the same time, speculation has increased about what the popular crypto entrepreneur has in mind for the assets.
One of these speculations is that Sun is taking a position before a major price movement. Sun has previously paid attention by making a similar move for Aave. Vet Kusama made an even crazier claim, claiming that assets could be burned.
Dear @justinsuntron today we noticed that you transferred approximately 500 billion #shib to your Justin Sun4 wallet. And this transfer took place for the first time (there has never been a shib transfer in your wallet before).
There are two possibilities:
1-) Shib burn
2-)… pic.twitter.com/O4JiLgcaUs— Vet KUSAMA™ (@vetkusama) December 18, 2023