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Founder of Tron, withdrew Billions of SHIB and we will take a look at the reason. Justin Sun, the founder of Tron, has yet again withdrawn billions of SHIB from Binance. Stay tuned with Pooyan Music.
On January 17, Sun withdrew 79.443 billion SHIB (worth approximately $800,000) from his Binance wallet. This move follows his larger withdrawals in December, where he withdrew a total of 577 billion and 77 billion SHIB.
He also simultaneously withdrew other tokens such as LINK, FLOKI, MANA and BAND.
SHIB Accumulation: Sun may be buying more SHIB for long-term investment or possible future use in the Tron ecosystem.
Using SHIB for other projects: He could be planning to use SHIB for projects on the TRON network, such as building a SHIB-based decentralized exchange or integrating it into other TRON applications.
General asset management: There is a possibility that he is simply moving his crypto holdings for various portfolio management reasons and not specifically for SHIB.
Recent SHIB withdrawals by Justin Sun have not had a significant impact on SHIB prices so far. Some speculate that this could be a strategic move to manipulate the SHIB market or show his confidence in the token. Others believe that this is just routine portfolio management or diversification of Sun’s assets.
Sun has not provided an official explanation for its SHIB impressions, which could lead to speculation and uncertainty. Even small actions by major players like Sun can affect prices in the highly volatile cryptocurrency market.
