Shiba

Millions

Shiba Inu

Justin Sun, the founder of the Tron blockchain and a well-known figure in the crypto space, has once again made headlines by withdrawing a staggering amount of Shiba Inu (SHIB) <a href="https://news.todayq.com/meme-coins-to-takeover-crypto-market-avalanche-drops-new-plan/" target="_blank" rel="noopener noreferrer nofollow">meme coins</a> from the Binance exchange. This move follows a previous substantial acquisition in December, where Sun purchased and withdrew approximately half a trillion SHIB. However, this recent transaction wasn’t limited to SHIB alone, as Sun diversified his holdings by adding other popular cryptocurrencies to his collection, including LINK, FLOKI, and more. Transaction in Millions 
This time around, Sun’s cryptocurrency wallet, associated with the address -0x9fcc, executed a series of transactions that caught the attention of <a href="https://news.todayq.com/blockchain-associations-open-letter-to-senator-warren/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> enthusiasts. According to a report by blockchain sleuth @spotonchain, the wallet withdrew a staggering fiat equivalent of $3.54 million in various cryptocurrencies. Among them were 1.7 million MANA, 100,100 BAND, 27.164 billion FLOKI, almost 62,000 LINK, and the standout 79.443 billion Shiba Inu meme coins, valued at nearly $800,000 at the time.
Wallet 0x9fcc linked to
His recent actions of gathering meme coins have caught people’s attention because it seems like he is deliberately collecting these unique digital assets. Suggesting that he has a specific interest or strategy related to these unconventional coins. It’s important to note that Justin Sun influences the larger cryptocurrency market because he not only works on the Tron blockchain but also runs the Poloniex and Huobi cryptocurrency exchanges.
In December, Sun’s acquisition of approximately half a trillion SHIB from Binance was a significant event in the crypto world. Now, with this latest move, it appears that Sun is focused on SHIB. He also wants to diversify his holdings with other popular digital currencies like LINK, FLOKI, and more. The SHIB burn 
The <a href="https://news.todayq.com/shiba-inu-balance-jumps-by-231-billion-on-robinhood-data/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> community has been actively participating in reducing the circulating supply of SHIB through burn transactions. The Shiba Inu destruction tracker, Shibburn, reported a substantial increase in the burn rate, with a total of 30,247,447 SHIB removed from circulation in the past 24 hours. Seven burn transactions were executed, with the largest ones consuming 25,013,164 and 3,333,333 SHIB, respectively.
The SHIB community working together to burn their tokens is making the value of SHIB go up. This is part of a bigger trend in the crypto world where people coming together and working as a team can affect how digital assets like SHIB are doing. Justin Sun, who made the Tron blockchain, is doing things in the crypto market that people are noticing. Being the founder of Tron and a crypto billionaire, Sun makes the whole situation more fascinating, especially when it comes to meme coins like SHIB.
When Justin Sun took out a lot of SHIB from Binance recently, it showed he’s still very interested in meme coins and other popular cryptocurrencies. The SHIB community burning their coins actively is another sign that people are working together to influence the value of SHIB. As things change in the crypto world, Justin Sun’s moves and how they affect the market are capturing the attention of both people who love crypto and those who are more used to regular investments.
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Justin Sun moves SHIB, FLOKI, LINK, what is he up to?

Todayq News

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