TRON Founder Justin Sun Withdraws Millions in ETH from Binance

IconCrypto News Terminal23 Apr, 2024

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TRON Founder Justin Sun Withdraws Millions in ETH from Binance

On-chain data analytics provider Lookonchain reported via Twitter that an "address suspected to be TRON (TRX) founder Justin Sun withdrew 4,666 ETH ($14.91 million) from Binance six hours ago." "The suspected Justin Sun address has bought a total of 132,054 ETH ($420 million) at an average price of $3,173 since April 8," Lookonchain added. Previously on April 22, 2024, Lookonchain reported that the same address had withdrawn 4,666 ETH ($14.91 million) from Binance. It is unclear what Sun plans to do with the ETH, but the withdrawals could be a sign that he is bullish on the cryptocurrency's future.