Tron Founder Justin Sun Sent Three Altcoins to Binance: Will It Sell?

Justin Sun, the founder of Tron (TRX), attracted attention with his altcoin transactions at noon today.

According to records from blockchain analysis firm Arkham, Justin Sun sent three altcoins, including Tron (TRX), to Binance, the world's largest cryptocurrency exchange.

More than $20 million worth of altcoins

According to Arkham data, Justin Sun deposited 173.8 million TRX ($21.37 million), 120.1 billion BitTorrent (BTT) and 20.29 billion WinkLink (WIN) on the Binance exchange.

All three altcoins were developed by organizations owned by Justin Sun. Sun acquired BitTorrent in 2018.

According to Arkham, Justin Sun still keeps 1.97 billion TRX, 100.9 trillion BTT, and 35.3 billion WIN in his wallet. Justin Sun has more than $1 billion worth of altcoins in his wallet.

Justin Sun's legal struggles continue

According to the statement made by TRON DAO, Justin Sun won the defamation case he filed against Congqing Business Media Group in China. In his post on his X account, Sun said that the other party apologized to him and won his case, even after two years.

On the one hand, the US Securities and Exchange Commission (SEC) filed a lawsuit against Justin Sun for wash trading in March 2023. Sun requested that the case be dismissed, arguing that the SEC was not a "global regulator."