Whopping $118.7 Million Crypto Withdrawal from Binance in 16 Hours!
Key Points:
- A newly created address swiftly withdraws assets, totaling US$118.7 million.
- Assets include 7402 ETH (US$23.03 million) and 95.67 million USDT.
- Speculation arises that the address may belong to Justin Sun.
Crypto withdrawal a staggering sum of assets from Binance, sending shockwaves through the cryptocurrency community.
Over the course of just 16 hours, the address managed to siphon off a total of US$118.7 million from the exchange.
The breakdown of the withdrawn assets paints a vivid picture of the magnitude of this transaction. Among withdrawn assets were 7402 ETH, equivalent to approximately US$23.03 million at current market prices. Additionally, a whopping 95.67 million USDT (Tether) was also extracted from the platform, further adding to the substantial haul.
Address Possibly Linked to Justin Sun Raises Eyebrows
Speculation regarding the origin of this address has already begun circulating within the crypto space. Notably, industry insiders have suggested that the address may be linked to Justin Sun, the well-known entrepreneur and founder of TRON.
The sudden and substantial withdrawal from Binance has raised eyebrows and fueled discussions surrounding its potential implications. Some analysts view such large-scale withdrawals as indicative of significant market moves or strategic maneuvers by influential figures within the crypto sphere.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
Whopping $118.7 Million Crypto Withdrawal from Binance in 16 Hours!
Key Points:
- A newly created address swiftly withdraws assets, totaling US$118.7 million.
- Assets include 7402 ETH (US$23.03 million) and 95.67 million USDT.
- Speculation arises that the address may belong to Justin Sun.
Crypto withdrawal a staggering sum of assets from Binance, sending shockwaves through the cryptocurrency community.
Over the course of just 16 hours, the address managed to siphon off a total of US$118.7 million from the exchange.
The breakdown of the withdrawn assets paints a vivid picture of the magnitude of this transaction. Among withdrawn assets were 7402 ETH, equivalent to approximately US$23.03 million at current market prices. Additionally, a whopping 95.67 million USDT (Tether) was also extracted from the platform, further adding to the substantial haul.
Address Possibly Linked to Justin Sun Raises Eyebrows
Speculation regarding the origin of this address has already begun circulating within the crypto space. Notably, industry insiders have suggested that the address may be linked to Justin Sun, the well-known entrepreneur and founder of TRON.
The sudden and substantial withdrawal from Binance has raised eyebrows and fueled discussions surrounding its potential implications. Some analysts view such large-scale withdrawals as indicative of significant market moves or strategic maneuvers by influential figures within the crypto sphere.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Best Coins to Buy Now: Qubetics Sells 200M Tokens to Raise Over $2.7M as Cardano and Avalanche Look to Strengthen Bullish Trend
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
Press Release
Best Coins to Buy Now: Qubetics Sells 200M Tokens to Raise Over $2.7M as Cardano and Avalanche Look to Strengthen Bullish Trend
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
