HomeAltcoinsTron founder Justin Sun takes out $60 million worth of other digital...

Tron founder Justin Sun takes out $60 million worth of other digital coins in just one month.

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Justin Sun, who started Tron and is an advisor for HTX, took out $60 million in altcoins from the Binance exchange in just one month.

According to Lookonchain, Sun took out the most money in Ethereum, which was worth $43 million. He also withdrew $6. 7 million in Aave, $6. 3 million in Shiba Inu, and some other assets like Chainlink and Decentraland.

“Lookonchain, a company that tracks cryptocurrency transactions, said that Justin Sun took out $60 million from Binance on Dec 18, 2023. ”

 

In addition, Arkham Intelligence, an analytics firm, has given a detailed view of Justin Sun’s wallet activities based on Lookonchain’s claims. Arkham found that Sun’s wallet took out more than $235 million in the last 218 days.

On December 18, someone took out 500 billion SHIB (worth $5. 1 million) from the wallet of the crypto billionaire. The wallet took out 70 billion SHIB (worth about $900,000) the next day.

The report comes a few days after the HTX exchange and HTX DAO were attacked by a denial-of-service attack last Friday. Sun posted on his Twitter account on Friday and said that the HTX is working normally again after being down for 15 minutes.

The crypto world responds

The crypto mogul took out a lot of money from their investments, which made people wonder why and what it will mean for the value of these assets.

Additionally, there have been a lot of people taking their money out of Ethereum at a time when its value has dropped by 3. 53% in the last 24 hours. Cryptocurrency is currently being bought and sold for $2368.

However, the value of the cryptocurrency has increased a lot in the last 30 days. In the last day, the amount of ETH traded has gone up by more than 14. 89%, reaching a total of $9,184,315,852.

The crypto community sees the regular movement of ETH and other tokens out of Binance as a good sign for the market. It means that the big investor is buying a lot of cryptocurrency quickly.

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