SpotonChain reports that TRON (TRX) creator Justin Sun moved assets valued at $3.54 million away from the Binance platform. The portfolio comprises of cryptocurrencies such as Shiba Inu (SHIB), Floki Inu (FLOKI), Decentraland (MANA), and Band Protocol (BAND). The firm specializing in cryptocurrency analysis also points out that a month earlier, in December, Sun transferred $5.22 million in SHIB tokens out of Binance. On January 19, 2023, the transfer of assets out of exchanges is seen as a positive sign, suggesting that the investor may be expecting an increase in prices. Additionally, transferring assets off of exchanges can also decrease the downward pressure on market prices. Furthermore, consider this: Which is more likely to yield substantial returns in 2024, Shiba Inu or XRP? Sun appears optimistic about the prospects of Shiba Inu (SHIB), illustrated by his relocation of tokens valued at more than $20213 million away from trading platforms. Despite the transfer of tokens off exchanges typically being a positive sign, SHIB’s price activity has yet to demonstrate any upward trends. The value of the asset has decreased by 5.5% over the past week and has dropped over 9% in the past month. Additionally, since the beginning of January 2023, the value of SHIB has experienced a decline exceeding 23%, according to information from CoinGecko.