Justin Sun's recent activity sparked interest among crypto investors
Justin Sun's recent activity sparked interest among crypto investors
Chinese entrepreneur and Tron founder Justin Sun has once again attracted increased attention from the crypto community after he moved seven digital assets in colossal amounts into his wallet.
According to online data optimization platform Spotonchain, a cryptocurrency wallet associated with Justin Sun moved the tokens AAVE, LINK, FLOKI, MANA, SHIB, XVS and BAND from Binance.
The data showed that the combined value of the seven tokens was more than $4.5 million. Furthermore, all transactions took place within the last 24 hours.
This movement of digital assets has piqued the interest of many investors, as it may affect the overall dynamics of the cryptocurrency market.
The largest transactions were related to the AAVE token and amounted to $1.007 million. The next largest amount of receipts on the cryptocurrency wallet was the LINK token, at 940,177 dollars.
Withdrawals of other tokens from the cryptocurrency exchange Binance amounted to FLOKI - 836,367 dollars, MANA - 779,072 dollars, SHIB - 756,055 dollars, XVS - 119,020 dollars, and BAND - 170,170 dollars.
Also, in December, 500 billion SHIB were withdrawn to Sana's wallet address. Many cryptocurrency market participants speculate that these actions coincide with a sharp increase in Shiba Inu's burn rate, which exceeded 2,900%, CoinGape reported.
Although Justin Sun has long been known for his involvement in the meme coin field and promising projects, his true goals and motives have not been disclosed.
At the time of writing, the price of the AAVE token has dropped 0.9% and is trading around $101.31.
The price of LINK has plummeted 3.5% to $15.36. The MANA token is trading at $0.4293, up 24% in the last 24 hours. The price of FLOKI fell by 1% to $0.00003074.
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