Tron Founder Justin Sun Withdraws $60,000,000 Worth of Crypto From Binance in One Month: On-Chain Data

Billionaire and founder of Tron (TRX) Justin Sun has withdrawn tens of millions of dollars worth of digital assets from crypto exchange Binance in the last month, according to on-chain data.

Blockchain tracking firm Lookonchain says that between December 18th and January 21st, Sun has withdrawn several different altcoins from Binance, including $43 million worth of Ethereum (ETH), $6.7 million worth of Aave (Aave) and $6.3 million worth of Shiba Inu (SHIB).

“Since Dec 18th, 2023, Justin Sun has withdrawn $60 million [worth of crypto] assets from Binance.

Including:
17,433 ETH ($43 million)
68,999 AAVE ($6.7 million)
656.4 billion SHIB ($6.3 million)
61,249 LINK ($957,000)
27.16 billion FLOKI ($885,000)
1.7 million MANA ($826,000)
100,100 BAND ($168,000).”

Source: Lookonchain/X

Sun was spotted earlier this month by Lookonchain accumulating massive amounts of Ethereum from Binance, as well as other whales who were presumably putting more coins into cold storage.

Lookonchain also spotted a trader with an extremely profitable track record depositing over $730,000 worth of the oracle project UMA (UMA) to Binance after its recent rally.

“The price of UMA increased by 90% today!

A smart trader deposited 190,169 UMA ($730,859) to Binance after the price increased.

He has traded UMA four times since Nov 11th, 2022, bought at low prices, and sold at highs each time, with a profit of ~$500,000 and a win rate of 100%.

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Source: Lookonchain/X

At time of writing, UMA is trading for $5.29, up 5.53% in the last 24 hours.

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This article was originally reported on The Daily Hodl.