Justin Sun Drives Speculations With $21 Million Altcoin Transfer

Krutika Adani

$21 Million Altcoins Transferred to Binance

Speculations over an altcoin season spiked after Justin Sun transferred $21 million worth crypto to Binance exchange.

Which Altcoins Were Transferred?

$11.26 million AAVE, $9.3 million MKR, $245k COMP, and $217k LQTY were among the top cryptos that were transferred by Sun.

Amid Market Downturn

The crypto community questioned the strategic move amid a market downturn which caused losses in all major cryptocurrencies.

Profit Booking Or Portfolio Readjustment

The crypto community remained divided over the nature of these transferred and debated whether it was a profit booking move or one for portfolio rebalancing.

Sun’s Billion Dollar Portfolio

The crypto portfolio of Justin Sun has been estimated to be over $1 billion at least.