Analytics firm EmberCN reported that Justin Sun’s team withdrew 21.66 million USDT from cryptocurrency exchange Binance, effectively selling all 5.374 million EIGEN tokens that Sun received from an airdrop of the same amount.

According to EmberCN, Sun’s team transferred the EIGEN tokens to HTX after receiving them, which were then moved to Binance for sale.

The report noted that six wallet addresses connected to Justin Sun received EIGEN tokens the night before. After the EIGEN transfers were activated yesterday, the tokens were quickly moved to HTX and then to Binance for liquidation. However, EmberCN later deleted the tweet, adding uncertainty to the claims.

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In response, HTX has categorically denied any connection between the wallet addresses mentioned in the report and Justin Sun or his team, citing a lack of concrete evidence. The exchange has also distanced itself from the accusations by refraining from commenting on the transactions of specific wallet addresses.

Justin Sun has not yet made a statement on the subject. Eigenlayer, a retaking protocol, was recently released via an airdrop and is trading at $3.57 at the time of writing.

*This is not investment advice.

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