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The world of cryptocurrencies was taken by storm on Tuesday as Tron founder Justin Sun’s wallet withdrew colossal amounts of SHIB from Binance. The withdrawal of coins from Binance came in two transactions, collectively withdrawing 577 billion SHIB from the aforementioned crypto exchange.
Intriguingly, the withdrawal transactions appear to have curated a tidal wave of speculations across the cryptocurrency space as it came forth amid a price surge witnessed by the SHIB token. Moreover, the withdrawals also come succeeding Shiba Inu’s colossal whale chronicle today, amassing additional bullish thoughts for the token.
Justin Sun’s Withdrawal From Binance: In-Depth Report
According to the data revealed by PeckshieldAlert, a platform offering real-time blockchain data, Justin Sun’s wallet marked two noteworthy withdrawals today, December 19. Furthermore, as per the data, the first transaction that fueled speculations withdrew 500 billion SHIB, worth $5.2 million, from Binance. Moreover, the second transaction showcased the withdrawal of 77 billion SHIB, worth $810K, from the same cryptocurrency exchange.
Notably, the withdrawals from Binance during a time when Shiba Inu portrays bullish market sentiments illustrate a sense of boosted confidence orbiting around the SHIB cryptocurrency. In addition, as reported by CoinGape Media earlier today, the SHIB price soared substantially even though whale transfers illuminated colossal amounts of SHIB dumped to exchanges recently.
Aligning with the aforementioned data, market sentiments revolving around Shiba Inu seem bolstered following noteworthy advancements witnessed by the Shiba community. As portrayed by Justin Sun’s recent withdrawal, market thoughts on SHIB appear to be gradually evolving to bullish.
Also read: Odds Of Spot Bitcoin ETF Approval At 98.7%, XRP Attorney John Deaton Agrees
Shiba Inu Price Ascends
The Shiba Inu price noted a substantial upsurge of 6.36% in the past 24 hours, currently standing at $0.00001042. Moreover, the token surged 8.85% over the past week, escorted by a monthly upswing of 22.87%.
With the SHIB price constantly increasing, crypto traders and investors seem to be eyeing the token extensively. This chronicle seems to be further jacked up as Justin Sun’s wallet address withdrew noteworthy amounts of SHIB from Binance.
Also read: Pro-XRP Lawyer Sparks XRP Price Debate With Short-Term VS. Long-Term Analysis
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