According to SpotonChain, Justin Sun, the founder of TRON (TRX), withdrew $3.54 million worth of assets from Binance. The assets include Shiba Inu (SHIB), Floki Inu (FLOKI), Decetraland (MANA), and Band Protocol (BAND). The crypto analysis firm also notes that Sun withdrew $5.22 million worth of SHIB from Binance only a month ago, on Dec. 19, 2023.. The movement of assets away from exchanges is a bullish development, as it could mean the investor anticipates prices to rise. Moreover, moving assets away from exchanges also reduces sell pressure on the market.. Also Read: Shiba Inu or XRP: Which Asset Can Deliver Good Profits in 2024?. Sun may be bullish on Shiba Inu (SHIB), as he has transferred over $5 million worth of tokens from exchanges.. Although the movement of tokens away from exchanges is bullish, SHIB does not show any bullish movements. The asset is down by 5.5% in the weekly charts and over 9% since the last month. Moreover, since January 2023, SHIB’s price has fallen by over 23%.. Source: CoinGecko. Shiba Inu’s (SHIB) price has struggled throughout 2023, while other assets, such as Solana (SOL) and Bitcoin (BTC), rallied by triple digits. Even SHIB’s rival, Dogecoin (DOGE), had a lackluster year in 2023. Other memecoins, such as Pepe (PEPE) and Bonk (BONK), instead took the memecoin spotlight in 2023.. Also Read: Shiba Inu $0.001 Dream: Investment Insights for $1M, $9M Gains.. Nonetheless, Sun’s SHIB transfers are a testament to the memecoin’s popularity.. Moreover, investors are hopeful that SHIB’s tide will change this year. The project may see a surge in adoption as more applications come into the SHIB ecosystem via the Shiabrium layer-2 network. Moreover, if we enter a bull run later this year, SHIB’s price may skyrocket to its 2021 peak of $0.00008616.