Justin Sun's Possible Address Withdraws $34.7 Million of ETH from Binance
CryptoNewsTerminal Staff05 Aug, 2024
Justin Sun's Possible Address Withdraws $34.7 Million of ETH from Binance
On-chain analyst ai_9684xtpa reported via X that "An address likely belonging to Tron founder Justin Sun (starting with 0x435) withdrew 14,884 ETH ($34.7 million) from Binance about 15 minutes ago." Justin Sun was previously reported to have bought $37 million worth of ETH. This transaction is noteworthy due to its large amount and the fact that it comes at a time when there is a lot of uncertainty in the crypto market. It is unclear what Sun's intentions are with these funds, but it is possible that he is planning to use them to invest in other cryptocurrencies or to develop new Tron projects. Only time will tell what Sun's plans are, but this transaction is sure to raise eyebrows and spark discussion in the crypto community.
