© Reuters Tron founder Justin Sun raises concerns over $13.8 million Ethereum withdrawal from Binance
U.Today – In a recent incident that shocked the crypto community, Tron founder Justin Sun raised eyebrows by acquiring $13.8 million worth of (ETH) from Binance. The deal was highlighted in a tweet by PeckShieldAlert, a prominent blockchain security firm, raising suspicions surrounding the withdrawal.
The tweet states that address 0x9FCc…19Fe initiated a withdrawal of 6,166 ETH (equivalent to approximately $13.8 million) from Binance. The mention of “Justin Sun-related allegations” has sparked concern and speculation within the crypto industry, leading many to question the motives behind such a drastic withdrawal.
As of , the current price of Ethereum is $2,239, reflecting a decline of 1.55% in the past 24 hours. However, the cryptocurrency has gained more than 7.22% in the past 30 days. Interestingly, despite recent market fluctuations, Ethereum trading volume surged over 14.89% in the past 24 hours, reaching a total of $9,184,315,852.
Justin Sun’s mysterious movements
This development came on the heels of an earlier notable withdrawal where Justin Sun withdrew a large amount of (SHIB) tokens from Binance. The first withdrawal included a staggering amount of 500 billion SHIB tokens, and then about 77 billion SHIB tokens were withdrawn again. These transactions have already raised eyebrows within the crypto community and sparked debate about Sun’s strategic moves in the market.
On May 11th, Justin Sun joined the conspiracy through his speech and decided to actively engage in meme coin trading and promising projects. The declaration marked a shift in Sun’s investment strategy, opting for more speculative and meme-driven digital assets.
The recent Ethereum withdrawal only adds to the concerns and speculation surrounding Justin Sun’s crypto activities. The cryptocurrency community is now closely monitoring Sun’s further statements and actions that may reveal his motives and intentions behind these important transactions.
