According to on-chain monitors, a wallet linked to TRON founder Justin Sun pulled 100 million TRX from Binance on December 3, 2025. Reports say the same address also moved $5 million USDT around the same time. These large transfers were flagged publicly by Onchain Lens and picked up by multiple crypto news outlets.
Onchain tracking shows the 100 million TRX was worth close to $28 million at the time of the move. The USDT transfer of $5 million happened within a minute of the TRX withdrawal, which has led observers to call the action coordinated rather than routine.
Based on reports, the close timing and mixed asset types — token plus stablecoin — drew extra attention from traders and on-chain sleuths.
Data also shows the Justin Sun-linked wallet now holds a much larger TRX balance than just this single transfer. Tracking services report the address sits at about 492 million TRX, a holding with a notional value near $138 million based on market rates at the time. That swelling balance has prompted talk that accumulation of TRX has been steady in recent days.
Initial market moves were muted. Some exchange data and commentaries noted a mild uptick in TRX price after the news, suggesting traders saw the outflow as removing sell pressure from exchange order books.
Analysts who track exchange liquidity say large withdrawals like this can shrink available sell-side supply and can support price stability if demand holds. Still, any clear price trend will depend on what happens next with the withdrawn tokens.
There has been no public statement from Justin Sun or TRON explaining the transfers. Without confirmation, motives remain speculative. Observers are weighing a few common possibilities: long-term cold storage, staking or protocol use, or internal treasury moves. All of those ideas are possible, but none are confirmed by the team.
What Could Happen NextIf the tokens stay offline, some traders may view the move as bullish since it cuts the floating supply held on big exchanges. If the funds are later sold or used to provide liquidity, the effect could swing the other way.
Reports point out that similar moves by major holders have sometimes been followed by quiet accumulation and other times by large transfers into trading venues — timing and intent matter.
Featured image from Unsplash, chart from TradingView

Highlights: US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets. Do Kwon will face sentencing on December 11 and must give up $19 million in earnings. US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings. The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined. U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025 Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November. TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán (@zGuz) April 5, 2024 The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

