Date: Tuesday, July 16, 2024, 10:31 AM GMT
In the cryptocurrency market today, a significant transaction involving $TRX has caught the attention .
According to Whale Alert, a monitoring service for large crypto transactions, at 18:10:27 Beijing time, 80,863,547 TRX (worth approximately $10,815,151) were transferred from an address belonging to Justin Sun, the founder of Tron, to an unknown wallet.
At the time of writing, TRX is trading at $0.1341, reflecting a 3% drop in the last 24 hours. The market capitalization of TRX stands at $11.68 billion.
The reason behind this transfer remains unclear, sparking various theories ranging from potential investments, internal transfers, or strategic moves by Justin Sun. As always, the market will be closely watching for any further developments or announcements related to this transaction.
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