Justin Sun-Linked Wallet Withdraws $27.96M in TRX and 5M USDT from Binance
Onchain Lens monitoring revealed a large-scale Binance withdrawal by a Justin Sun-associated wallet, involving 100 million TRX and $5 million in USDT.
USDT
TRX
Summary
On December 3, blockchain monitoring service Onchain Lens identified significant withdrawals from Binance by a wallet connected to TRON founder Justin Sun. The transactions totaled 100 million TRX, valued at approximately $27.96 million, alongside $5 million in USDT. The size and owner association made the activity notable within the cryptocurrency community.
Terms & Concepts
- TRX (TRON): The native cryptocurrency of the TRON blockchain platform, used for transactions and smart contracts.
- USDT (Tether): A stablecoin pegged to the U.S. dollar, commonly used for trading and payments in cryptocurrency markets.
- Onchain Lens: A blockchain data analytics platform that monitors and reports on cryptocurrency transactions and wallet activities.