Ethereum

TRON

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<ul class="news-points">
 <li><strong>Justin Sun, the founder of TRON (TRX), applied to withdraw 80,251 ETH this past Wednesday.</strong></li>
 <li><strong>The cryptocurrency entrepreneur already withdrew 43K ETH and deposited the tokens to Binance, according to Lookonchain.</strong></li>
 <li><strong>From a technical perspective, ETH was attempting to recover above the $1,645 resistance level at press time.</strong></li>
</ul>
<p>The founder of <a href="https://coinedition.com/tag/tron-trx/" rel="noopener noreferrer nofollow">TRON (TRX)</a> and cryptocurrency entrepreneur, Justin Sun, applied to withdraw 80,251 <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> tokens on Wednesday, according to a post shared by Lookonchain earlier today. This is making ETH holders jumpy as they are now questioning whether Sun is getting ready to dump his tokens, which could trigger a steep price drop.</p>
<p>So far, the entrepreneur has already successfully withdrawn about 43K ETH tokens and deposited them to Binance. The withdrawn ETH is worth about $70 million, according to the blockchain tracking platform.</p>
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   <p lang="en" dir="ltr">Justin Sun(<a href="https://twitter.com/justinsuntron?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@justinsuntron</a>) applied to withdraw 80,251 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($132M) on Oct 4. <br><br>So far, he has successfully withdrawn 43K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($70M) and deposited it to <a href="https://twitter.com/hashtag/Binacne?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binacne</a>.<a href="https://t.co/6wvQuDabVE" target="_blank" rel="noopener noreferrer nofollow">https://t.co/6wvQuDabVE</a> <a href="https://t.co/asPLdKNqN4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/asPLdKNqN4</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1710553582939062445?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2023</a>
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<p>Meanwhile, ETH was attempting to reclaim a posit…</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/justin-suns-132m-eth-withdrawal-is-he-about-to-dump/">Justin Sun’s $132M ETH Withdrawal: Is He About to Dump?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Justin Sun’s $132M ETH Withdrawal: Is He About to Dump?

Coin Edition

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