thecryptobasic.com
Recent on-chain data shows that a blockchain wallet associated with the Tron founder has withdrawn a substantial amount of $TRX from Binance.
Onchain Lens drew public attention to the activity in a tweet, citing data from Arkham Intelligence. According to the report, the Justin Sun–linked wallet withdrew 100 million $TRX, worth $27.96 million, from Binance earlier today.
In addition, the same wallet received $5 million in USDT from the exchange. Notably, both transactions occurred just a single minute apart, underscoring their coordinated nature.
The transfers, especially the 100 million $TRX withdrawal, have drawn widespread market attention, with some observers suggesting that the move signals strategic accumulation and a shift toward long-term holding.
Consistent Accumulation of $TRX from Exchanges
Prior to the latest transaction, the wallet had already been accumulating significant amounts of $TRX over the past few days. For example, on November 29, it received 34.76 million $TRX from the Tron-based decentralized exchange SunSwap, followed shortly by another 86.77 million $TRX from the same platform.
With the newest withdrawals included, the recipient wallet now holds approximately 492.01 million $TRX, valued at $137.81 million at press time. This positions $TRX as the portfolio’s second-largest asset by dollar value, behind only STRX, which totals 582.87 million tokens worth $199.01 million.
In another wallet valued at $1.72 billion, the Tron founder holds 1.84 billion $TRX, worth roughly $516.47 million, making it the most valuable asset in that portfolio. This address has also received substantial $TRX inflows from SunSwap over the past few days, further reinforcing the pattern of ongoing accumulation.
$TRX Trails Bitcoin and Ethereum in Broader Market Rally
As the broader crypto market enjoyed a relief rally led by Bitcoin today, $TRX has yet to benefit significantly from the bullish trend. The token has remained relatively stagnant over the past few days, trading within a tight range of $0.27 to $0.28.
At press time, $TRX traded at $0.2801, marking a modest 0.66% increase over the past 24 hours. Meanwhile, during this period, Bitcoin surged by 6.48% and Ethereum rose by 8.84%.
However, $TRX also maintains a modest weekly gain of 1.85%, though it remains down 4.23% over the past month. Nonetheless, it continues to rank as the eighth-largest token by market cap, with a valuation of $26.51 billion.