Shiba Inu, an Ethereum-based meme coin, is currently in the spotlight as the altcoin has been witnessing massive accumulation in the past few days, which has raised speculations among community members about whether a sell-off is imminent.
Justin Sun Increases Shiba Inu Portfolio
One of the Shiba Inu accumulation that has sent shockwaves within the SHIB community was carried out by Justin Sun, the founder of Tron. A recent report has revealed that the founder added over 79 billion SHIB tokens to his portfolio.
According to data from on-chain tracker Spotonchain, Justin Sun withdrew approximately 79.33 billion SHIB valued at $751,000 as of the time of transfer. Spotonchain shows revealed that the founder made the whale transfer from Binance – the world’s leading cryptocurrency exchange.
The report also revealed substantial withdrawals of other digital assets made by Sun. These include digital assets like Chainlink (LINK), Decentralized (MANA), Floki (FLOKI), and Band Protocol (BAND)
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