TRON Founder Justin Sun’s Wallet Accumulates $4 Million Worth of Cryptos
A wallet linked to TRON founder Justin Sun has attracted attention in the crypto market as it accumulated seven digital assets worth over $4 million. The data, revealed by Spotonchain, shows that these assets were withdrawn from Binance, the world’s leading cryptocurrency exchange.
A Closer Look at the Report
According to the on-chain data, Justin Sun’s wallet address received these assets through a series of transactions over the past 24 hours. All of them were withdrawn from Binance, leading to further speculation.
The most withdrawn token was AAVE, with a value of $1.007 million, followed by LINK with $940.177K. FLOKI and MANA had withdrawals totaling $836.367K and $779.072K respectively. Shiba Inu accumulated $756.055K, XVS totaled $119.020K, and BAND was withdrawn in the amount of 170.170K.
In addition to these accumulations, Sun’s address recently withdrew 500B SHIB, which aligns with Shiba Inu’s significant surge in burn rate.
Price Report for AAVE, SHIB, LINK, and Other Accumulated Cryptos
AAVE experienced a slight increase of 0.05% in price over the past 24 hours and is currently trading at $101.42. On the other hand, LINK’s price dropped by 3.36% to reach $15.44. MANA saw a 0.66% increase and is currently valued at $0.4599, while FLOKI’s price dropped by 0.58% to reach $0.00003088.
Shiba Inu’s price decreased by 0.41% to $0.000009531, while BAND’s price increased by 1.45% to $1.71. Lastly, XVS saw a 0.63% decrease and is currently priced at $11.95.
Hot Take: Justin Sun’s Accumulation Raises Questions
The significant accumulation of digital assets by Justin Sun’s wallet address has sparked curiosity and speculation in the crypto market. Traders and investors are closely monitoring these transactions and their impact on the prices of the accumulated cryptos. It remains to be seen what Sun’s intentions are with these assets and how they might influence the broader market.
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