Tron Founder Justin Sun Sparks Concerns With $13.8 Million Ethereum Withdrawal From Binance.

In a recent development that has sent shockwaves through the cryptocurrency

community, Justin Sun, the founder of

Tron, has raised eyebrows with a significant withdrawal of $13.8 million worth of Ethereum (ETH) from Binance. The

transaction was highlighted by

PeckShieldAlert, a prominent blockchain

security company, in a tweet that raised

suspicions surrounding the withdrawal.

The tweet mentioned that the address

0x9FCc...19Fe had initiated a withdrawal of 6,166 ETH (equivalent to approximately

$13.8 million) from Binance. The mention of "Suspicious Justin Sun related" has

triggered concerns and speculation within

the crypto space, leading many to question the motives behind such a substantial

withdrawal.

As of the latest data, the current price of Ethereum stands at $2,239, reflecting a 1.55% decrease in the last 24 hours. However, the cryptocurrency has witnessed a more significant surge of 7.22% over the past 30 days. Interestingly, despite recent market fluctuations, Ethereum's trading volume has surged by over 14.89% in the last 24 hours, reaching a total of $9,184,315,852.

Justin Sun's cryptic moves.

This development comes on the heels of

Justin Sun's earlier notable withdrawals,

where he pulled out massive amounts of

Shiba Inu (SHIB) tokens from Binance. The first withdrawal involved a staggering 500 billion SHIB tokens, followed by another withdrawal of approximately 77 billion SHIB

tokens. These transactions had already raised eyebrows within the crypto community, prompting discussions about Sun's strategic moves on the market.

Adding to the intrigue, on May 11, Justin Sun announced his decision to actively engage in trading meme coins and promising projects through his public address. The declaration indicated a shift in Sun's investment strategy, opting for more speculative and meme-driven digital assets.