Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun?

Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun?


In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market.

Whale Deposits $21 Million In DeFi Tokens To Binance

On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around $13 million in crypto to Binance. After a year of holding, The whale sent 3,800 Maker (MKR) and 20,000 Aave (AAVE) to Binance.

The firm later revealed that the whale was seemingly Tron founder Justin Sun. Three of the 13 addresses believed to be owned by Sun were wallets that conducted the transfers.

Per the post, the whale

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