Justin Sun Suspected of Withdrawing $45.5 Million ETH from Binance

Bittime - Justin Sun reportedly withdrew $45.5 million in Ethereum (ETH) from Binance as well as reloading 45 million USDT to CEX. This large transaction reflects Sun's aggressive investment strategy in the crypto market, with the potential long-term impact being noted by market observers.

Justin Sun Suspected of Withdrawing $45.5 Million ETH from Binance

It was reported that Tron Foundation founder Justin Sun has withdrawn a large amount of money from Binance within the last nine hours, according to Spot On Chain monitoring, according to Deep Trend TechFlow sources. At current exchange rates, this withdrawal is equivalent to approximately $45.5 million.

Justin Sun Has Reloaded 45 Million USDT to CEX

Additionally, in recent days, it was discovered that Justin Sun had recharged 45 million USDT to CEX. This transaction occurred when the price of ETH was around $3,117 per coin. Overall, since last February 8, 

Justin Sun is alleged to have purchased approximately 377,188 ETH across three wallets, at an average price of approximately $3,049 per wallet. Unrealized gains from the transaction are estimated at over $50 million currently up about 4.4% from current value.

Many are paying attention to Justin Sun's decision

Many people in the crypto world have taken notice of Justin Sun's decision to make this massive transaction. On the other hand, market observers are still paying attention to the long-term impact of buying and selling decisions.

Conclusion

Due to these circumstances, Tron Foundation founder Justin Sun has reportedly withdrawn approximately $45.5 million in Ethereum (ETH) from Binance in a short period of time. Additionally, he recharged 45 million USDT to CEX. With unrealized gains estimated at over $50 million, this large transaction represents a major move in Sun's crypto portfolio, showcasing its aggressive investment strategy and its potential to impact the broader market. Market watchers are watching the long-term impact of Sun's significant investment decision.

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Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.