Justin Sun Denies Cash Withdrawal Rumors As His Wallet Keeps Moving

Justin Sun’s wallet address has been active, and since UST and LUNA crashed on May 12th, the address has transferred a total of 2.36 billion USDC to Circle. That’s why there were rumors that he was withdrawing cash.

On October 20, the address marked as Justin Sun (0x3dd … 5296) withdrew 50 million BUSD from Aave V2 and transferred 70 million to Paxos. Another address (0x611 … DF01) withdraws 72 million USDC from Binance and transfers it to Circle.

Just in the past fortnight, Justin Sun transferred $236 million to Circle. According to on-chain stats, since UST and LUNA crashed on May 12th, the address has transferred a total of 2.39 billion USDC to Circle.

With the constant movements from Justin Sun’s wallet addresses, the community suspected that he was intending to withdraw the coins. Today, the founder of Tron spoke out to deny the rumor. He explained the transaction with USDC Circle was just an internal capital deployment.

His strong activity made him the 10th largest USDC depositor in Circle.

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