$21 million crypto transfer to Binance by TRON founder Justin Sun frightens bulls
revealed today that a dormant whale, later identified as TRON founder Justin Sun, has been making large deposits into , the world's largest cryptocurrency exchange. Sun's deposits, totaling a staggering $21 million across four assets, have raised eyebrows and questions about potential market implications.The deposits included a whopping 93,979 AAVE tokens, worth $11.26 million, and 3,800 MKR tokens, worth $9.3 million, among others.
Cryptocurrency analysts often interpret large deposits into exchanges as a bearish signal, indicating an intention to sell or"dump" the assets. The rationale behind this interpretation lies in the notion that individuals or entities are depositing tokens onto exchanges with the intention of liquidating their holdings, potentially driving down prices due to increased supply.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
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