Ethereum: Massive withdrawal of $13.8 million on Binance! Justin Sun shocks the community

Tron founder Justin Sun withdrew a huge amount of Ethereum from the Binance platform. Equivalent to $13.8 million, the investor’s gesture shocked the community. This case is far from isolated, as he had already removed an astronomical quantity of Shiba Inu before. The community is wondering why Justin Sun is withdrawing so much crypto from Binance.

A large withdrawal in Ethereum on Binance

The activities of Justin Sun, the founder of Tron (TRX), are currently the subject of heated debate and speculation. He comes from withdraw from Binance, 6,166 ETH, the equivalent of approximately $13.8 million. PeckShieldAlert reported this information via a tweetcausing concern and suspicion among the crypto community.

Meanwhile, the ETH crypto price is at $2,242 with a decline of 1.68% in the last 24 hours.

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

Concerns within the community

Binance’s Ethereum withdrawal follows Shiba Inu token withdrawals. Indeed, the founder of Tron had already also withdrawn $500 billion from SHIB, followed by a second withdrawal of 77 billion SHIB tokens. His previous actions have not lacked spark discussions from the crypto community. But not only that, the latest withdrawal in Ethereum only reinforces concerns and speculation.

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

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