Ethereum: Massive $13.8 Million Withdrawal from Binance! Justin Sun Shocks Community

The founder of Tron, Justin Sun, has withdrawn a massive amount of Ethereum from the Binance platform. Equating to $13.8 million, the investor’s move has shocked the community. This case is far from isolated as he had previously withdrawn an astronomical amount of Shiba Inu. The community is wondering about the reasons which prompt Justin Sun to withdraw so much crypto from Binance. 

A Significant Ethereum Withdrawal on Binance

Justin Sun, the founder of Tron (TRX), is currently the subject of intense debate and speculation. He has withdrawn from Binance, 6,166 ETH, equivalent to about $13.8 million. PeckShieldAlert reported this information via a tweet, causing concern and suspicion among the crypto community.

#PeckShieldAlert The address 0x9FCc…19Fe (Suspicious #JustinSun related) has withdrawn 6,166 $ETH (worth ~$13.8M) from #Binance pic.twitter.com/8jGbcwRvzg

— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

Meanwhile, the price of ETH stands at $2,242 with a decrease of 1.68% over the last 24 hours.

However, the Ethereum token has seen a relatively significant increase of 7.22% over the past 30 days. Despite the recent price fluctuations, the trading volume of Ethereum crypto jumped by more than 14.89% in the last 24 hours. This volume currently reaches a total of $9,184,315,852.

Concerns Within the Community

The Ethereum withdrawal from Binance follows the withdrawals of Shiba Inu tokens. Indeed, the founder of Tron had already also withdrawn 500 billion SHIB tokens, followed by a second withdrawal of 77 billion SHIB tokens. His previous actions have not failed to spark discussions among the crypto community. Moreover, the latest Ethereum withdrawal only reinforces the concerns and speculations.

Moreover, he announced, in May, his decision to actively engage in meme crypto trading. He will focus more on promising projects through his public discourse. An announcement that marks a turning point in his investment strategy.

Everyone is now waiting for new statements or actions from Sun that could explain the motivations and intentions behind these massive Ethereum withdrawals on Binance.