Tron Founder Justin Sun Withdraws Altcoins Worth $60M in One Month
Justin Sun, founder of Tron and HTX advisor, has reportedly withdrawn $60 million worth of altcoins from Binance exchange in a span of one month.
Per data from Lookonchain, Sun withdrew the maximum assets in Ethereum (ETH) worth $43 million, followed by $6.7 million worth of Aave (AAVE), $6.3 million in Shiba Inu (SHIB) and other assets including Chainlink (LINK) and Decentraland (MANA).
“Since Dec 18, 2023, Justin Sun has withdrawn $60M assets from Binance,” Lookonchain, an on-chain intelligence provider, wrote.
Since Dec 18, 2023, #JustinSun has withdrawn $60M assets from #Binance.
Including:
17,433 $ETH($43M)
68,999 $AAVE($6.7M)
656.4B $SHIB($6.3M)
61,249 $LINK($957K)
27.16B $FLOKI($885K)
1.7M $MANA($826K)
100,100 $BAND($168K)https://t.co/326JCfZU6Ihttps://t.co/oB1SN9Qtbq pic.twitter.com/kxLQlKGhLU
— Lookonchain (@lookonchain) January 21, 2024
Furthermore, contemplating Lookonchain claims, analytics firm Arkham Intelligence, has provided an in-depth insight into Justin Sun’s wallet activities. Arkham noted that a wallet address linked to Sun has withdrawn over $235 million in the past 218 days.
On December 18, the wallet linked to the crypto billionaire showed withdrawals of 500 billion SHIB (worth $5.1 million). On the consecutive day, the wallet made another withdrawal of 70 billion SHIB (approximately $900,000).
The report comes days after the HTX exchange and HTX DAO were hit by a distributed denial-of-service attack on Friday. Sun posted on his X (Twitter) account on Friday stating that the HTX is back to normal following a 15-minute outage.
The crypto mogul’s large volume of assets withdrawal has triggered speculation among the crypto community about Sun’s motives and the potential ramifications involved in the price of these
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