Analytics company EmberCN has alleged that Justin Sun, the founder of Tron and BitTorrent, sold his entire airdrop of EIGEN tokens on Binance shortly after receiving them.
Tweets Claiming Justin Sun Sold EIGEN Deleted
The company claimed that Sun’s team withdrew 21.66 million USDT from Binance today, indicating that the 5.374 million EIGEN tokens he received yesterday were sold at an average price of $4.03.
According to EmberCN, Sun’s six associated addresses received the EIGEN airdrop the night before and immediately transferred them to HTX, a cryptocurrency exchange. From there, the tokens were swiftly moved to Binance, where they were allegedly sold.
However, HTX has vehemently denied any connection between the wallet address mentioned in the report and Justin Sun or his team. The exchange stated that there is no concrete evidence to support such claims and that it does not comment on individual wallet transactions.
Following the controversy, EmberCN has deleted the related tweet from its account.
