Tron Founder Justin Sun Sparks Concerns With $13.8 Million Ethereum Withdrawal From Binance
The post Tron Founder Justin Sun Sparks Concerns With $13.8 Million Ethereum Withdrawal From Binance appeared on BitcoinEthereumNews.com.
Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a recent development that has sent shockwaves through the cryptocurrency community, Justin Sun, the founder of Tron, has raised eyebrows with a significant withdrawal of $13.8 million worth of Ethereum (ETH) from Binance. The transaction was highlighted by PeckShieldAlert, a prominent blockchain security company, in a tweet that raised suspicions surrounding the withdrawal. The tweet mentioned that the address 0x9FCc…19Fe had initiated a withdrawal of 6,166 ETH (equivalent to approximately $13.8 million) from Binance. The mention of “Suspicious Justin Sun related” has triggered concerns and speculation within the crypto space, leading many to question the motives behind such a substantial withdrawal. As of the latest data, the current price of Ethereum stands at $2,239, reflecting a 1.55% decrease in the last 24 hours. However, the cryptocurrency has witnessed a more significant surge of 7.22% over the past 30 days. Interestingly, despite recent market fluctuations, Ethereum’s trading volume has surged by over 14.89% in the last 24 hours, reaching a total of $9,184,315,852. Justin Sun’s cryptic moves This development comes on the heels of Justin Sun’s earlier notable withdrawals, where he pulled out massive amounts of Shiba Inu (SHIB) tokens from Binance. The first withdrawal involved a staggering 500 billion SHIB tokens, followed by another withdrawal of approximately 77 billion SHIB tokens. These transactions had already raised eyebrows within the crypto…
Filed under: News - @ December 26, 2023 10:10 pm